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Callaway Golf Company announced the Proposed Public Offering of Common Stock by Selling Stockholders

Callaway Golf Company announced the Proposed Public Offering of Common Stock by Selling Stockholders

Callaway Golf Company announced today the commencement of a proposed underwritten public offering of 3,000,000 shares of its common stock being offered for sale by PEP TG Investments LP. Moreover, PEP TG Investments LP expects to grant the underwriters 30 days option to buy up to 450,000 more shares of common stock at the public offering price, less underwriting discounts and commissions. Callaway isn't selling its shares in the offering and will not receive any proceeds from the sale of shares of PEP TG Investments LP. The proposed offer is subject to market and other conditions, and there can be no assurance of whether or not the offer will be completed, or the actual size or terms of the offering.

Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are joint book-running managers and MUFG is joint-managers of the offer.

The public offering is being made pursuant to an automatic shelf registration statement on Form S-3 which was filed by Callaway with the U.S. Securities and Exchange Commission (the "SEC") and became effective upon filing. The SEC is filing a preliminary prospectus supplement and the accompanying prospectum relating to and describing the terms of the offer. The prospect of that proposal will be available on the SCE's website at www.sec. If available, copies of the preliminary prospectus supplement and the accompanying prospectum can be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York,

This press release isn't intended to constitute an offer to sell or a solicitation of based on the offer of these securities, nor shall there be any sale of such securities in any state or other jurisdiction where such offering, solicit

About Callaway Golf Company, which is called Callas Golf.

Callaway Golf Company is a global, tech-enabled golf company, offering specialized golf equipment, apparel and entertainment products. Callaways is the specializing in golf and golf, and offers luxury golf entertainment with the help

Notes refer to forward-looking statements.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Callaway's current intentions, expectations or beliefs regarding the proposed common stock offer. "likely" "outlook," "to,"" can,","to." "may," to "will," the negatives thereof," or any other words and terms of similar meaning. Forward-looking statements include statements that are not historical facts, including statements relating to the offering, such as the timing and size of the offer and the grant of a choice to buy additional shares. These statements are based on current information and expectations. The upcoming statements are based on various risks and unknowns, including market conditions, the exchange price and volatility of Callaway's common stock and the risks relating to Callage'' business, and other such risks, uncertainties described In conclusion, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. There is no assurance that any forward-looking statements will materialize. You must not use forward-looking statements that reflect expectations as of this date, as well as forward direction. Callaway does not undertake any obligation to update or review any forward-looking statements publicly, whether due to new information or to future developments.

Investor Contacts Contact Contact Information Contact contact Contact information Contact contacts contact contact information contact contacts contacts. Brian LynchLauren Scott 760 931-1771[email protected] 9 31 1771 [e-mail] Brian. Lynch-Laurel-Scott, Scott (760) 929-6771(espionage

SOURCE Callaway Golf Company SURCE Golf Co.

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