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.

The negative development, however, may give rise to short term corrections up from today's level.
Volume balance is still very much positive. Needs to close above 6 pence (mid-price) for indicators to turn even more positive.

Neutral (Short term) - Jan 5, 2004
Has fallen 74% since the peak on 5 Sep 2003 at 20.50. Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 2.50 and resistance at p 14.00. The poor liquidity of the stock (traded 100% of the days, mean 8.59 mill per day) may weaken the analysis.

Neutral (Medium term) - Jan 5, 2004
Has fallen 86% since the peak on 14 Jun 2002 at 37.50. Has broken the falling trend down, which indicates an even stronger falling rate. The stock has resistance at p 11.00. Poor liquidity (traded 100% of the days, mean 8.59 mill per day) weakens the analysis.

MACD chart starting to show positive outlook!

I think will fall a bit more, will wait b4 jumping, not very keen to hold this share, though for a qick return sounds good. Sue thanks for your efforts here, always appreciated. Also few people would like you to carry on posting on the CMS Webview thread... Please do!! I fan of yours!!!

200,000 buy at the mid-price, looks like a buy to me.

Will do so Xmortal.

Fundamentals still look poor to me - imo there MUST be a rights issue - Close took advantage of the price spike to sell. There were debtors of Debtors 4,426,085 (just under 6 months trading) and the Company said it expected " but as stated previously further losses will be incurred in the second half"

In addition "Most of Warthog's revenues are US dollar denominated, whereas almost all of Warthog's costs are incurred in sterling"

IMO any rights will have to be at a significant discount to the current price. In other words if we are going to rescue this company we will demand a very high price due to current perceived risks.

Looking better today, up 13.1% now, price 5-5.75 pence, nice spread too.

Just bought 26,278 shares at 5.63 pence. Trade should come through in an hour.

Some delayed buys coming through at 5.6 pence.

Volume steadily increasing today, virtually all buys so far today.

Offer price has now risen to 6 pence, looking a lot healthier.

Some excellent buying today including some larger buys which we have not had for a few days. A 100,000 buy was reported along with an 86,000 buy and few 50,000 buys as well as other decent size buys.

Volume closed at 990,420.
978,480 buys vs 11,940 sells.

Buying volume was excellent today, with no small or big sells today, just one solitary sell.

Chart is looking good again!
It's about to cross the ten and 50 day moving averages just like it did 3 pence, so we should possibly get a very big rise next week. In addition, the emergence of the buying volume is extremely positive.
Indicators will become all positive come monday morning hence I added more in the afternoon.

"Challenging period ahead" as Warthog reports interim loss

Rob Fahey 10:37 06/01/2004
Losses recorded at UK developer as provisions are made against publisher difficulties


British developer Warthog has announced a pre-tax loss of 2.6 million in its interim results for the first half of 2003 and warned of challenging times ahead, as difficult market conditions impact on the company's performance.

Although revenues in the first half of the year were similar to last year's in dollar terms, the weakness of the US currency meant that Warthog's quoted earnings were down to 4.95 million from last year's 5.4 million.

The bulk of the company's losses, however, came from provisions of 2.2 million made against a number of issues, including insolvent publishers and cancelled or delayed developments, in the light of certain difficulties with intellectual property rights.

Such difficulties have impacted projects including ET, for which a publisher deal has not yet been concluded; Animaniacs, which has no new publisher contract following negotiations with the original publisher's liquidators; and X10, which has been cancelled despite significant development cost, because the publisher became unable to continue backing the development.

These three games between them account for 1 million of the company's losses, while further titles which Warthog has been working on with top-tier publishers have been shelved due to uncertainty regarding the status of their related intellectual property rights - accounting for a further 1.2 million of the loss.

Responding to these difficulties, the company late last year took the pre-emptive move of reducing its development cost base by around 150k. It also plans to press forward with its strategy of working directly in partnership with IP owners, and then taking the project to a number of publishers - rather than risking the commencement of work on a project for a publisher who may not have fully secured the required IP, thus risking hundreds of thousands of pounds of development cost.

Warthog believes that its recent work with Warner Brothers on titles such as movie tie-in Loony Tunes: Back in Action is a pointer towards the future success of this approach, and plans to pursue it in other areas where possible.

Despite the financial difficulties faced by the company of late, it remains optimistic in its outlook, pointing to the huge progress made by the studio (and its recently acquired satellite studios) and the recent work which has been successfully completed on some of the most valuable IP in the industry. However, it is expected that further losses will be incurred in the second half of the year, although no mention is made of any further planned cost reductions to offset these losses.

From Investtech:

Neutral (Long term) - Jan 9, 2004
Has fallen 90% since the peak on 20 Nov 2001 at 62.50. Has broken the falling trend down. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. The stock has resistance at p 10.00. Poor liquidity (traded 100% of the days, mean 8.18 mill per day) weakens the analysis.

---- may result in corrections up in the short term.

Volume Balance is very much positive.

The great Optimist (Bullshit Ramper) from ADVFN has returned!!!!! Muppet!

Hi bivrip77,

I beg your pardon.

you idiot!!!!! every post that you have oh here is on ADVFN as well. Every subject has been posted on ADVFN threads aswell, trying to ramp as much as possible. If you dont believe me folks just search under Optimist23 on advfn threads and you will see identical ones to what Suehelen posts here. By the way Suehelen is a bloke !

Thank Heavens!
I was getting a bit concerned with the excessive facial hair!