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.

From Pink Sheets posted before the dive on share price.

Company To Watch: Tiger Telematics

Oct 05, 2005 (TelecomWeb News Digest/Access Intelligence via COMTEX) -- Tiger Telematics Inc., a designer, developer and marketer of GPS-enabled telematics equipment and the Gizmondo gaming device, is looking to move from over-the-counter trading to the Nasdaq. It recently filed Form 10Ks with the U.S. Securities and Exchange Commission for the year ended 2004 and is focused on completing its Form 10Q, which covers the full year, to enable the company to be listed on Nasdaq. The listing, when approved, will permit Tiger to engage a much larger investor base, because it permits retail solicitation orders and research by analysts. Tiger's common stock also will be considered a "marginable" security for loans.
Tiger also is preparing to launch its Gizmondo GPS-enabled portable gaming device in the United States, which it expects to have on the market for the holiday shopping season. This news likely contributed to an incremental boost of the company's stock. On Sept. 28, shares closed at $13.40, up $1.05 from the previous day, and they picked up an additional 10 cents Sept. 29. However, Tiger Telematics still has a way to go to recover losses dating back a month. Shares closed at $18 Aug. 3 but they have been on a downward trend since, bottoming out at $12.35 Sept. 27. If Gizmondo finds success in an already crowded U.S. handheld gaming market, that should help push the stock up during the next few months.

TelecomWeb News Digest, Vol. , No.

Strange happennings.Cant really see reason for rise this morning.perhaps they just look a bit cheap at the moment but the TGTL price is certainly pretty sick at the moment.I understood the GIZ was getting USA launch in October and article says "it expects to have on the market for the holiday shopping season"(which holiday?do they have a haloween holiday in the "Fall" sorry i mean Autumn). Its now the 6th Oct , why no confirmation of exact Launch date?
I confess my aspirations have changed somewhat from "becoming rich" to "i hope i get my money back!"
The USA launch seems the pivotal point, if it goes well and they go onto the main market there is still some hope for my aspirations but I dont think they have handled the product launch and marketing very well so far. Lets hope they have learnt some lessons.

I've just spent last evening going through WHOG's final results published on 30 Sept. Now I'm no expert in these matters, but I must admit I found some things that I didn't like and wasn't sure about.

1) The accounts show the number of employees in the 2005 period as 76, down form 226 in the previous year. What the ****! are they doing?

2) The combined salaries for this workforce was 2,442,132 in 2005 compared to 7,248,460 in the previous year. This means that the average salary was of the order of 32,133 per head. That's a lot of reward for doing nothing (IMHO).

3) This is the bit where I am probably out of my depth, but the numbers given for the change in the share premium account due to issue of new shares over the period don't IMHO appear to add up correctly:

During the year 28,097,478 ordinary shares were issued as follows:

Type Number Nominal value () Share premium ()

Issued at 2p 8,500,000 85,000 85,000
Issued at 40.63p 353,090 3,531 139,911
Issued at 1.9925p 19,244,388 192,444 191,001

28,097,478 280,975 415,912

(Apologies for changing font types - but how do you get tabs and spaces to work?)

Note that the nominal value is equal to the number of shares concerned multiplied by their face value of 1p. My observation (question) is why do the figures for the share premium (above) show no constant relationship between the issue price and the number issued. For example, 353,090 shares at 40.63p is very approximately equal to the figure given in the share premium column of 139,911 (only a 2.5% difference). However, the same is not true for the shares issued at a price of 2p and 1.9925p. Here the figures given in the share premium column are some 50% different from the sum you would get when multiplying the number of shares bought at the prices shown. Is this correct?

As for the drop in TGTL sp, are we really that suprised? Call me a cynic but if I was just about to list my company on the Nasdaq I would want to buy a lot more shares before the price shoots up. So a bit of help from those in the know should bring the price down to a level where I could fill my boots. Market manipulation methinks.

All of course IMHO and without prejudice.

you could well be right starfrog.there was a higher than usual trading volume yesterday.will be interesting to see what happens during this month.I confess i am unable to unravel your figures either. However I have found similar difficulty when attempting to analyse this with other companies....I am not sure what that tells us!The considerable reduction in headcount is hardly bad news.Most companies would get accolades for reducing their overhead costs by 66%!I think it likely that you would retain key skills within the business so the salaries do not seem an issue with me.In fact if you calculate the average salary per employee its only gone up41 pa which again looks a very good result.All IMO and thanks for the post which was very interesting.

..seems to be heading back up - not surprising at these values praps I should have sold at 1.2.. oh me miserum :-)

Is this what we have been waiting for?? Not quite, but someone's nervous about joe public thinking the Giz will be a no show this side of Christmas. From Pink Sheets this pm.

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Tiger Telematics Confirm USA Launch Date Of October 22, 2005; USA Launch Will Make Product Available in All 50 States; Additional UK Retailers Named

JACKSONVILLE, Fla., Oct 6, 2005 (CCNMatthews via COMTEX) -- Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) has confirmed its USA release date of October 22, 2005 for Gizmondo and announces further retailers carrying the product in the United Kingdom.
Carl Freer, co-founder and Chairman, Tiger Telematics, says: "Contrary to rumours in the marketplace we are not delaying the scheduled USA launch, we are committed to the October 22, 2005 release date, and the product will be available in all 50 states well in advance of the Christmas retail season."

The extensive list of UK retailers continues to grow following the demand generated by the new Satellite Navigation package. Previously announced retailers like Comet (a leading UK electrical supplier with 264 stores), Argos (the UK's #1 catalogue-based highstreet retailer), Carphone Warehouse, HMV, Virtual Games, Harrods, Amazon and the top-10 destination John Lewis stores, are joined by Play.com and Maplin.

Play.com is one of the fastest-growing online retailers of DVD, music, books, games and consumer electronics, whilst Maplin features over 75 stores across the UK, a catalogue carrying over 15,000 products, and a high-traffic online presence.

Michael Carrender, CEO, Tiger Telematics, says: "Tiger Telematics is strategically well positioned in a rapidly growing mobile gaming industry. This has generated discussions that may or may not lead to a substantial corporate action or strategic opportunity."

well 11Million bought in 2 days cant be bad...

Activity levels are uncommonly high.TGTL showing some recovery, but I would feel a lot easier if they stayed the right side of $15.
Deancrofts post is very welcome where they confirm they are launching in the USA on 22 October.

TGTL are bombing today - 15% down. Seems strange with the Gizmondo USA launch only 2 days away?Anyone aware of anything?

Mr Carl Freer has resigned

Gizmondo with satnav is 199, a bit more expensive than I was led to believe!

A bit cheaper than other offerings of satnav, but apparently there are differences, so I'd like to see a write up of the giz one.

Basic unit is 129.

hasnt he picked a strange time to resign ?Certainly if it was an amicable separation?Have you seen any comment as to the reasons why?

Go to http//:biz.yahoo.com/e/051020/tgtl.pk8-html

From Yahoo biz/finance. http://biz.yahoo.com/e/051020/tgtl.pk8-k.html
This makes a clearer picture. At least these ex-directors are keeping their holdings but then they are not worth much at the moment.

Change in Directors or Principal Officers


Item 5.02 (b). Departure of Directors or Principal Officers

On October 20, 2005, the Company reported that Mr. Stefan Eriksson, as an officer and employee of the Company's largest operating subsidiary Gizmondo Europe. Ltd. resigned from Gizmondo Europe and all other operating units effective immediately to pursue a new entrepreneurial venture. Mr. Eriksson indicated that he plans to retain his stock position. His responsibilities will be assumed by other directors.

The Company further announced the resignation of Carl Freer as Chairman of the Board and as a Director effective October 20, 2005. In addition Mr. Freer resigned as Managing Director of Gizmondo Europe, Ltd. and as an officer and employee of all other subsidiaries. Mr. Freer indicated that he plans to retain his stock position and that he believes that the Company has passed the incubation stage where his entrepreneur skills are most effective. He indicated that he plans to pursue other entrepreneurial ventures now that the Company will launch it's Gizmondo product in the USA as of this Saturday October 22, 2005. Mr. Michael Carrender, the Company's CEO will assume the additional post of Chairman. Mr. Steve Carroll a Director of the Company assumes the role of Managing Director of Gizmondo.

Following Mr. Freer's resignation, the Company's Board of Directors now has 5 Directors, a majority of which are independent directors which is another criteria for an expected application for a NASDAQ National Market listing.

Further to my previous post, it is interesting to note that both Carl Freer and Stefan Eriksson are directors of Northern Lights (UK company) which is the software company that developed the Giz software Chicane and Colours and who retain a licence deal with Gizmondo Europe for the provision of those software titles. Northern Lights has also provided other software services to Gizmondo Europe.

Am i the only one that feels a sub $10 price for TGTL is a little concerning?Also that it is still falling on the eve of its long awaited USA launch of the Gizmondo! Launch tomorrow!

Something smells! I'm totally out now - still with my shirt, but without the profit I was looking for!

The chart looks awful(IMHO)

Rumours started again, a Microsoft buyout is on the cards. People on iii say their broker has hinted it is efeinatley on. $46 the quoted takeover price. This would be my biggest xmas present if it comes off because I stand to gain a lot more than lose at the moment. I would lose too much if I sell now. I will wait and take the gamble of any future developments. Good luck to all holders. Hope the rumour comes true.

I dont see why Microsoft would buy them.

I still havent seen ANY marketing for the Gizmondo-personal opinion is that the ship is sinking. I cant see how the situation is going to be reversed.