http://www.warthog.co.uk
Daily Execution Price and Volume

Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.

The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

Bought 200k before the tick. I must say I am really impressed with the Gizmondo. Only criticism is that the premium battery should be standard. The SD cards are pricey on the Gizmondo website - cheaper on E bay. However the SD cards are much cheaper than the same capacity Sony PSP memory sticks.

Iturama - that's good that you are pleased with it. I've two sons, 12 and 9 and neither of them has heard of them/seen one. I suspect that it'll be one of these things that once their mates have one they'll all want one. Hoping so at least. Tempted to buy one to increase exposure locally, but as I'm sitting on a 50% loss on this share it still owes me, and it'll have to wait.

Glad to see that you are impressed with it iturama.

My big concern is the lack of advertising in the UK. I did see one advert on TV about a month ago (featured a bee if I recall) but nothing since. It's not suprising that Mr Mole's sons haven't heard of it. And this is worrying. Afterall, is it not intended for the youth market?

Keep the faith though. Hopefully see big movements in the sp once it is on sale in teh US markets.

Mr. Mole.

In my view, the Gizmondo is targeted at the +15 yr age group. My son's friends were very taken by it, as was my wife with regards the tracking/alarm/messenging features. It fits quite comfortably in a shirt pocket. The SD cards are tiny, a 1GB card is postage stamp size, weighs 2g and can store 20 - 30 cd's. A DVD player, MP3 player, Pager, GPS etc all rolled up into one. A nice feature for those that travel a lot is that it adjusts the time automatically for the time zone you happen to be in. It also has a calculator, currency converter etc.as well as a flight setting to disable any features that might interfere with an aircraft's electronics.
Great (Greek) gift for your kids if they are going on holiday alone, backpacking, or simply hanging out. You can always get in touch with them and pin-point their location by registering as the guardian.
A lot of software still has to be rolled out but it is early days.

Sounds a lovely bit of kit. Thanks for the detailed info.

...and it's ticked up again. 10% today........why??

Mr Mole - probably beacuse the pan-Europen roll-out is scheduled for Thursday 19th May. IMHO

They'll be those buying on a T10 settlement date I suppose and hoping for a substantial increase.

any idea what we think sp will be approx then? could do with selling some of whog to pay a few bills off - conversely could do with buying more at this price if I had the cash

Looks like the Tiger is now tracking the little pig. Finished up 10% in NY.

I wouldn't expect large-scale advetising until after E3 when some decent games are out.

Nice to see that Tiger finished on a high. As most of the shares issued in the last 6 months have been to funds or are restricted for 12 months, the tradeable shares are relatively limited. Tiger could go back up fast, particularly if the coming E3 meeting attracts more fund buying.

Thank you for the consumer test of the Giz some posts back.

I'll be tempted to buy one to replace my IPAQ if I ever get 229 profit from WHOG ;-) some way to go

See Evil has bought some Tiger shares according to his column on t1ps.com.

All helps, Paulo. Maybe it was him that shorted the stock in the first place! Anyhow the pig is among the front runners again today.

certainly does, how soon 2p? now if only I had bought a few more last week, o me miserum :-( (interestingly PCI graph is moving recently in a similar fashion to this snorter)

Just spotted my first Gizmondo in the John Lewis summer mini-mag (the one that comes with the credit card bill)...anyway, in the "What's Hot" section is an aforementioned G. Selling at 229.

it continues....."What it does"...This amazing handheld console lets you play games, download and listen to music, view film clips and send media-rich messages on the move.....(no mention of the GPS capability),

and

"Other things to know"...400Mhz of processing power and a 3D co-processor offer fast-loading games and smooth graphics.

What's good about this promo is that the Gizmondo is nestled neatly in the mag between some Canon, Denon, Philips, Apple and Toshiba kit. All household names and, I'm pleased to say, it doesn't look out of place.

As long as they get the distribution right it could be big!!

......nudged up again.....

Anyone got any more details of what Evil said in his newsletter about WHOG ?

WHAT IS GOING ON HERE. WHY THE SUDDEN PRICE DROP AGAIN
???