Callaway C16 Speedster Debut at Pebble Beach

CALLAWAY C16 SPEEDSTER SET TO MAKE WORLD DEBUT
AT 2007 PEBBLE BEACH CONCOURS d’ELEGANCE

Flagship Model in C16 Line Defines High-Speed Motoring in its Purest, Most
Exclusive Form: The Made-to-Order Supercar Features Unrivaled Styling and a
700HP Hand-Built Powerplant

OLD LYME, CONNECTICUT (July 23, 2007) – Callaway Cars today announced it
will unveil the C16 Speedster, the third and flagship model in the C16 lineup, on the
concept lawn at the Pebble Beach Concours d’Elegance, August 18, 2007.

The supercharged and intercooled 700-horsepower Callaway V8 produces class-leading
power. A topless cockpit with twin wind deflectors and extended headrests, exquisite
bodywork, and race-inspired chassis tuning, the made-to-order C16 Speedster represents
a pinnacle in American supercar design. Much like its spiritual predecessors, the 1990
Callaway Twin Turbo Speedster and 1998 C12 Speedster, the latest C16 Speedster offers
a visceral open-air driving experience unlike any other.

“This is Callaway Cars’ most exquisite vehicle to date,” said company founder Reeves
Callaway. “The C16 Speedster marks our 20th anniversary with Corvette and 30th year in
business, and having this statement of our passion for the automobile featured on the
Concept Lawn at Pebble Beach is a high-water mark for us.”

The C16 Speedster was penned and modeled by Paul Deutschman, architect of the
Callaway look and designer of the original 1990 Callaway Twin Turbo Speedster. Every
body panel has been designed to speak to style and function, and a hand-tooled German
leather interior adds exclusivity. Door sills, steering wheel, and dash area carry signature
Callaway badging. Each C16 Speedster is tailored to the owner’s taste for interior and
exterior color and displays a numbered build plate. Matching fitted luggage by Schedoni
is made from the same skins as the interior, and are marked with the Speedster’s VIN.

For high-speed driving, helmets are incorporated as part of the body design. A pair of
matching, color coordinated, full coverage, carbon fiber, Formula One “Ivos” helmets by
Stand 21 are captured by the rear deck bodywork and effectively built into the
Speedster’s extended headrests. Moderate-speed cruising uses the twin built-in wind
deflectors, but the innovative Stand 21 helmets are always available for more spirited
motoring.

Underneath the car’s stunning bodywork lies the heart of a racecar. The Callaway
supercharged, intercooled, 6.2L all-alloy hand-built powerplant produces 700 hp and
660 lb-ft of torque, propelling the Speedster from 0 to 60 in an estimated 3.2 seconds.
Maximum velocity of the C16 Speedster is over 210 mph.

Overall handling and road feel is transmitted by a newly developed Callaway/Eibach
Multi-Pro supplemental coil-over suspension. This co-development effort produced an
advanced spring/damper system, featuring 10-position compression and rebound
adjustability, allowing the driver to customize settings for specific road conditions.

A unique element the Speedster shares with its C16 siblings – Coupe and Cabrio – are
Callaway/Dymag Carbon wheels that weigh approximately 40 percent less than the
lightest aluminum wheels, significantly reducing unsprung weight. These TUV- and
DOT-tested wheels feature forged magnesium spiders surrounded by carbon fiber rims
and measure 19” x 10” front and 20” x 13” rear. Debuting behind the wheels is the new
Callaway / StopTech carbon ceramic brake system, which utilizes 6-piston front and 4-
piston rear calipers gripping 355mm x 32 mm carbon rotors. The total weight savings
from the combination of carbon/magnesium wheels and carbon ceramic brakes is 20
pounds per corner, 80 pounds total. This extraordinary weight reduction benefits the
dynamics of road wheel compliance and lowered rotational inertia as well as decreasing
the mass of the vehicle.

Another unique feature of the Callaway C16 automobiles is the electronic door release
system, the DSpot. The Callaway C16s have no external door handles, resulting in very
clean design lines. Instead, the door opening is triggered by a Callaway development, the
DSpot – an area of the bodywork that is touch sensitive. Touching the DSpot pops the
door open. The DSpot feature is automatically operational when the key fob is within 1
meter of the automobile.

The Speedster replaces traditional rearview mirrors with a 3 camera, closed-circuit
system that displays its images on the Panasonic Strada navigation unit.

The Callaway C16 Speedster is priced at $305,000 USD, inclusive of all options, and is
orderable now. Delivery is three months from commission. Speedster No.1 of the series is
sold and will be delivered to its new owner at the Pebble Beach debut, August 18 on the
Concept Lawn.

The Callaway C16 Speedster is built at Callaway facilities in California, Connecticut, and
Germany and is available for purchase exclusively through Callaway Cars’ authorized
dealer network. Callaway C16 components are also available individually for 2005 –
2007 Corvettes through Callaway authorized retailers and installers. For additional
information on Callaway Cars, its automobiles and dealer locations, call 860-434-9002 or
visit www.callawaycars.com