Coastcast Announces New Director

Contact Hans H. Buehler
Coastcast Corporation
310-638-0595

RANCHO DOMINGUEZ, Calif. (February 14, 2002) -- Coastcast Corporation (NYSE:PAR) announced that it elected Luann G. Smith as a new member of the board of directors.

Ms. Smith, age 46, presently and since October 2000 has been the President of Statoil Marketing & Trading (US) Inc., a wholly-owned US subsidiary of Statoil ASA, Norway. Prior to October 2000, Ms. Smith worked at Statoil headquarters and was responsible for International Products Supply and Trading from 1997 to 2000 and Natural Gas Liquids from 1995 to 1997. Prior to Statoil, Ms. Smith held various positions in crude oil and products trading at various oil companies.

Hans Buehler, Chairman and CEO, stated: "We are pleased that Luann Smith has agreed to join our board. We believe her knowledge and business experience will enhance and contribute to the future of our company and strengthen the board."

Coastcast, a leading manufacturer of golf clubheads, produces metal woods, irons and putters in a variety of metals, including stainless steel and titanium. Customers include Callaway (including Odyssey), Cleveland, Cobra, Ping and Titleist. The company also manufactures a variety of investment-cast orthopedic implants and surgical tools and other specialty products that are made to customers' specifications.