TRUE TEMPER® APPOINTS TWO NEW VICE PRESIDENTS

Memphis, TN - June 11, 2001 - In an effort to foster continued growth and expansion, True Temper Sports has promoted Gene Pierce to the role of Vice President of Manufacturing and Graeme Horwood to the position of Vice President of Engineering, Research, and Design.

Gene Pierce has served as the Director of Steel Operations in Amory, Mississippi since joining the company in 1999. “Under Gene’s leadership, the Amory team has driven continuous and meaningful operational improvement while managing a significant increase in demand for our steel products,” said Scott Hennessy, CEO and President of True Temper Sports. As the newly appointed Vice President of Manufacturing, Pierce will now be responsible for leading all of True Temper’s manufacturing facilities including Steel, Composite, and Multi-Material product production.

Graeme Horwood assumes the role of Vice President of Engineering, Research, and Design and will oversee all of the companies’ research, product development, and design initiatives. Since joining True Temper in 2000 from Apollo Sports Technologies, Horwood has led the R&D group that has seen recent product introductions such as the revolutionary BiMatrx™ multi-material shaft technology. “New products are the lifeblood of True Temper,” notes Hennessy, “and we are excited about the experience and leadership Graeme brings to the development team.”

True Temper Sports is the leading manufacturer of golf shafts in the world and is consistently the number one shaft on Tour. The Company markets a complete line of shafts under the True Temper and Grafalloy® shaft brands, and sells these brands in over thirty countries throughout the world. True Temper Sports employs over 800 people in seven facilities located in the United States, Europe, Japan and Australia.