Callaway Golf Company Announces Plans for New Corporate Name: Topgolf Callaway Brands Corp.

Company to change ticker to MODG, reflecting its leadership in the much larger,
more dynamic and inclusive Modern Golf ecosystem

CARLSBAD, Calif. , Aug. 24, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) (the "Company") announced today plans to change its corporate name to Topgolf Callaway Brands Corp. ("Topgolf Callaway Brands"). Following the Company's merger with Topgolf in 2021, the name change reflects the Company's dynamic brand portfolio that has unmatched scale and reach across the full Modern Golf and active lifestyle ecosystem, including on- and off-course golf.