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.

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!

Excuse my ignorance but I feel somone else could be copying my posts on the other threads. I assure you that my posts have always been with full honesty. Seems some posters have turned on me in terms of the success I have been able to have during my time here.
Bivrip77, I am sure you have a case of mistaken identity here and you are trying to get your vendetta against me for some other reason. Either you have been unsuccessful in deramping this stock or you have other motives.
I have tried to provide all the relevant news and if you look at the chart, it is starting to look interesting again. What is wrong with my posts anyway, if I do take a postive outlook on my selections then what is wrong, I am sure a lot of people have benefited from my input in terms of the success they have had.
Yes I do visit other sources to provide as much information as I can and certainly what I have seen is that posters like bivrip77 are the ones who are ramping up their stocks by telling us to sell our holdings in particular stocks and move into their stocks. If you have no interests in a particular stock then shouldn't one just move onto to researching some other stocks instead of trying to get back in cheaply, which is what I gather is what bivrip77 is trying to do.

Anyway, chart does look positive again and the volumes picked up heavily on Friday. We could have another big correction upwards again this week.

GoodNight.

Sue.

bivrip77

SueHelen might be the Optimist male you say she is on ADVFN but thats of no matter. I have closely followed Sues threads on this BB since November. I estimate you could have made a minimum of 250% profit from Sues postings on CWV, WHOG, and PMD if you had followed her initial advice and then taken the profits - not bad in 2 months.

So lets cut out the personal vendetta/criticism and stick to facts, please.

Well done Sue, keep up the good work.

Good Morning, thanks Sutre!

Ok then Sue name one stock i have ever mentioned or told any investor to move into!!!!!! How can i get people to move into my stock if i dont mention them!

Elsewhere, talk of a fundraising weighed on games software developer Warthog

http://www.thisismoney.com/20040113/nm72911.html

There may be some good results out for Electronic Arts (NASDAQ:ERTS)who report Q3 accounts later today. Electronic Arts are the publishers for Harry Potter and Loony Tunes games developed by Warthog.

EA's results may well boost WHOG's share price which the MM's have reduced the spread prior to close from 20% to 5.556% by changing bid/offer prices from 4.00/5.00 to 4.25/4.50. Are the MM's expecting some good news??

Gone down to 14% for the risk lovers this could be a top up opportunity. Thanks What do u think Sue Helen??

Back down to 3.75, heading back towards the 2.75 low. It is really hard to get to grips with fair value on this stock. Only back in Sept03, Games magazine reviewed the UK computer-game developers and recommended WHOG as the star in the pack.

I wish I had been brave enough to buy over Christmas when I saw it was up 59% on the day after the results. Thought I was too late ... at the close it was up 100% and next day another 20 or 30%. Then I knew I was too late.

Any thoughts SueHelen ?

where is the fabled SUEHELEN now?? He has changed usernames and is busy ramping elsewhere, told everyone not to fall for the pump and dump. This massive dilution could be seen a mile away!!

30% down today. a MM just bought 250000. mm's tricks

Does anyone have any views on the effects of the placing at 2p and 3 for 2 rights issue after the drop to 2.625p today.

Hi Xmortal and everyone,

I would leave these for now and not add until the rights issue has been carried out. The price does seem to be at lower levels now but with the rights issue yet to be carried out and the EGM towards end of February the price may not bounce that much from these levels. It is likely to stay at these levels until after the EGM and when the new shares come into the market.