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Callaway Golf Company Announces Closing of Public Offering of Common Stock by Selling Stockholder and Full Exercise of the Underwriters’ Option to Purchase Additional Shares (www.prnewswire.com)

Callaway Golf Company (the “Company” or “Callaway”) (NYSE: ELY) announced today the closing of its previously announced underwritten public offering of 4,600,000 shares of its common stock, which includes the full exercise by the underwriters of their option to purchase up to 600,000 additional shares of common stock, at a public offering price of $29.25 per share, before deducting underwriting discounts and commissions, all of which were sold by PEP TG Investments LP. Callaway did not sell any of its shares in the offering and did not receive any of the proceeds from the sale of shares in the offering by PEP TG Investments LP.

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