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.

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.

im in same position as flannyblue and hope his rumour is correct.I would expect some release today and activity following the launch on saturday in the usa

There was a news release on Friday:

Gizmondo USA Inc. subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) today kicked off the launch campaign for the new multi-entertainment handheld console with a full-page advertisement in USA Today (page 5a), featuring Austin Powers star, Verne Troyer. The Gizmondo will go on sale across all 50 States from Saturday 22nd October 2005, priced at $229. There will be fourteen games available at launch, as well as the previously announced satellite navigation package which takes advantage of the hardware's powerful GPS functionality. As well as games and GPS, the pocket-sized device's entertainment arsenal also features music and movies, text and picture messaging, and a digital camera. With an email service also launching next week, the Gizmondo is the most versatile and feature-packed gaming console available. Mike Carrender, CEO, Tiger Telematics, offered: "The USA is the most challenging commercial market in the world and it's a significant achievement to be launching across 50 States tomorrow." As well as being available in country-wide mall locations, the Gizmondo is also available to purchase from tomorrow via the website at www.gizmondo.com. Gizmondo is powered by Microsoft Windows CE advanced real-time operating system, boasting 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 SD and MMC card accessories.

About Tiger Telematics and Gizmondo Gizmondo USA Inc and Gizmondo Europe Ltd. are owned subsidiaries of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Launched in the UK in 2005, the gaming device includes built-in music, video, messaging and picture functions and GPS. Tiger Telematics 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 subsidiaries.

Well at least they put an advert in the papers!

True Starfrog.

A bit more on this side of the pond would be good! I'd love to know how many units they have sold out of the Regents Street store since opening......actually with second thoughts, prehaps not! :-) The management needs their heads banged together....frustrating as there is a market for such a product-just needs to be good and marketed!!

bugz,

If I have time, I will visit the Regent St. store tomorrow, and will ask how the sales are going.

It's interesting that nobody here has bought one yet!

considering it launched Giz in USA on Saturday TGTL's price of just under $9 is pretty poor and the initial price direction on opening is down!!

can some one tell me when or if whog are obliged to cash in there shares
in tiger please,

From first week of November....I think.

End of escrow period is 2nd Novemeber. But that doesn't mean WHOG have to cash in their shares. And I would have thought (hoped) that they would call an EGM to ask all of us long suffering (and patient) shareholders whether we wanted them to cash in at that time. Or am I being too naive? :-)

Yep that is spot on StarFrog.

starfrog,

IMHO companies only call EGM's when they have to becuase of regulatory requiements!

In theory we OWN the company, but that's not how they see it! (IMO)

Still hoping to visit the Regent St shop this afternoon if time permits.

Andy

You are right, but wouldn't you think that cashing in their only tangible asset ought to be put to the vote?

I hope you do get a chance to visit the shop. I would certainly be interested to know what the sales figures are.

Just went to the Gizmondo website to see if there was any new news regarding the US lanuch and was delighted to see that there is a press statement out. However, when I tried to access the pdf document all I got was a blank document and my browser stopped working. Have had to reinstall Netscape just to get back to this site. Will attempt to try to access said document again, with additional firewalls up and tracking.

Report back later if successful. (This doesn't bode well!).

Andy,

I visited the store back in June. I have to admit I wasnt encouraged but had already bought my holding!

Last time (on a sat) there were very few people around. Hung about for a while but didnt see a single purchase.

I still have yet to meet anyone who has heard of it, let alone bought one!!

OK got it. The secret is to skip the flash movie at the start of the website and just enter it. Message reads:

Tiger Telematics Gizmondo Receives Enthusiastic US Reception

Los Angeles, 24th October 2005 Gizmondo USA Inc. subsidiary of Jacksonville, Florida based Tiger Telematics Inc (other OTC, TGTL) confirms its North American launch has gone according to plan receiving an enthusiastic reception from US consumers.

The Gizmondo, its games, and satellite navigation package went on sale on Saturday 22nd October 2005 at selected retail locations and the official website at www.gizmondo.com. The innovative kiosk marketing initiative went down particularly well with shoppers. The combination of high profile positioning and trained staff drew crowds who were given one-to-one demos of the new multi-entertainment handhelds six core functions (games, music, movies, messaging, a digital camera, and powerful GPS).

Capitalising on this successful initiative, the previously announced shopping malls (Atlanta, Boston, Dallas, Miami, Fort Lauderdale, Las Vegas, Chicago, Seattle and four prime locations in Los Angeles), will be quickly followed by a further 38 kiosks in similarly high-profile locations across North America.
The $30million marketing campaign, which kicked off last week with a full-page ad in USA Today featuring Verne Troyer, promises to turn heads as each new element is unveiled in the run up to Christmas.

Mike Carrender, CEO, Tiger Telematics, commented: Were delighted with the response to the kiosk initiative, increased web traffic and initial sales from the website. The launch here in North America is a particularly important milestone for the company. From here we intend to escalate our launch activities and look forward to making further announcements as we roll out through retail.

etc, etc, etc

so is there a limit to how long they can hold on to them?

The Giz SatNav product has sold over 600 units on the Maplin website alone,in 2 to 3 weeks.They must have sold between 10,000 and 20,000 units in the UK.A good advertising campaign is what is needed.