CARLSBAD, Calif.--(BUSINESS WIRE)--June 16, 2003--Callaway Golf (NYSE: ELY) Staff Professional Rachel Teske earned her first LPGA Tour victory of the year in a playoff at the Giant Eagle LPGA Classic yesterday. Teske's birdie on the third extra hole gave her the win over three other players, including Callaway Golf Staff Professional Annika Sorenstam. Sorenstam and Teske have now combined to win the last three events on the LPGA Tour.

Teske rolled into the playoff and ultimately to the tournament win on the basis of her outstanding putting. Using her Odyssey(R) White Hot(R) 5 Putter, Teske holed a 35-foot putt on her final hole of regulation play to finish at 12-under-par 204. After Sorenstam and two other golfers also finished at 12-under, Teske won the playoff with a 18-foot birdie putt on the third extra hole. This marks the ninth consecutive week that Odyssey Golf -- a brand of Callaway Golf -- has scored at least one putter win across the world's six major professional tours. Odyssey Putters have been used to win 19 events during this nine-week stretch, giving the brand 29 victories for the season across the PGA, Champions, LPGA, Nationwide, PGA European and Japan Golf tours combined.

In all, Teske used 14 Callaway Golf(R) clubs and the Company's HX(R) Red golf ball in her sixth LPGA career victory. Teske's equipment included a Great Big Bertha(R) II Pro Series Titanium Driver, a Big Bertha(R) Steelhead(TM) III Strong 4-wood, Steelhead X-16(TM) Pro Series Irons and a pair of Callaway Golf Forged Wedges, along with her Odyssey White Hot 5 Putter. Callaway Golf won the usage counts for drivers, fairway woods, irons and putters at the event, and each of the top 8 finishers had at least one Callaway Golf club in play.

Sorenstam capped her amazing month-long run with her tie for second at the Giant Eagle LPGA Classic. After becoming the first woman in 58 years to compete on the PGA Tour with her appearance four weeks ago at the Bank of America Colonial, Sorenstam won twice and finished second in three LPGA Tour events. For the season, Sorenstam has three LPGA Tour victories and one international win. Sorenstam used 11 Callaway Golf clubs at the Giant Eagle LPGA Classic, including a Great Big Bertha II Pro Series Titanium Driver, a Big Bertha Steelhead III 7-wood, Steelhead X-14(R) Irons and an Odyssey White Hot 2-Ball Putter, along with the Company's HX Red golf ball and shoes from the new Callaway Golf Footwear Collection.

Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons, including Great Big Bertha(R) II Titanium Drivers and Fairway Woods, Big Bertha Steelhead(TM) III Stainless Steel Drivers and Fairway Woods, Hawk Eye(R) VFT(R) Tungsten Injected(TM) Titanium Irons, Big Bertha Stainless Steel Irons, Steelhead X-16(TM) and Steelhead X-16 Pro Series Stainless Steel Irons, and Callaway Golf Forged Wedges. Callaway Golf Company also makes and sells Odyssey(R) Putters, including White Hot(R), TriHot(R), DFX(TM) and Dual Force(R) Putters. Callaway Golf Company makes and sells the Callaway Golf(R) HX(R) Blue and HX Red balls, the CTU 30(R) Blue and CTU 30 Red balls, the HX 2-Piece Blue and HX 2-Piece Red balls, the CB1(R) Blue and CB1 Red balls, and the Warbird(TM) golf balls. For more information about Callaway Golf Company, please visit our Web sites at www.callawaygolf.com and www.odysseygolf.com.

    CONTACT: Callaway Golf Company, Carlsbad
             Larry Dorman or Mike Galeski, 760/931-1771

    SOURCE: Callaway Golf Company