Analyst Coverage

Susan Anderson
B Riley FBR
Rudy Yang
Berenberg Capital Markets LLC
Alexander Perry
BofA Securities
Casey Alexander
Compass Point
John Kernan
Cowen and Company
Kate McShane
Goldman Sachs
Randy Konik
Brett Andress
KeyBanc Capital Markets
Joe Altobello
Raymond James
George Kelly
ROTH Capital Partners
Daniel Imbro
Stephens Inc
Michael Swartz

Callaway Golf Company is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Callaway Golf Company's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Callaway Golf Company or its management. Callaway Golf Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.