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Press release from PR Newswire

Callaway Golf Declares Quarterly Dividends

Monday, October 25, 2010

Callaway Golf Declares Quarterly Dividends17:45 EDT Monday, October 25, 2010CARLSBAD, Calif., Oct. 25 /PRNewswire-FirstCall/ -- Callaway Golf Company (NYSE: ELY) declared today a regular quarterly cash dividend of $0.01 per share on its Common Stock.  The dividend is payable on December 15, 2010 to shareholders of record at the close of business on November 19, 2010.  The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock.  The dividend is payable on December 15, 2010 to shareholders of record as of November 19, 2010.  About Callaway GolfThrough an unwavering commitment to innovation, Callaway Golf Company (NYSE: ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, Ben Hogan® and uPro® brands in more than 110 countries worldwide.  For more information please visit www.callawaygolf.com or Shop.CallawayGolf.comContact:  Brad HolidayEric Struik(760) 931-1771(Logo:  http://photos.prnewswire.com/prnh/20091203/CGLOGO)(Logo:  http://www.newscom.com/cgi-bin/prnh/20091203/CGLOGO)SOURCE Callaway Golf CompanyFor further information: Brad Holiday or Eric Struik, both of Callaway Golf Company, +1-760-931-1771