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.

Just found out the above figure was for the USA.

PSP units sold by the end of the first week of launch in the UK is expected to top 185,000 machines

TGTL shares now languishing at $6.90

It looks like the Giz is a dead duck and everyone is going to lose money?

The store in London is always empty and the Giz has no chance against the PSP.

The management is as much good as the console.

A friend of mine who works in the computer game industry says that the Giz is a joke.

Sorry folks, looks like we have backed a loser?

I can't disagree with post 1372.

Just glad I bailed with a healthy profit earlier in the year.

wish I could say the same

Things don't look great, I agree. But why, arsenal1, does your friend think that the Giz is a joke? The marketing may be non-existent and the PR abysmal but the product itself seems pretty sound. He/she may have worked in the computer industry but I've worked in the financial services industry and wouldn't presume to know the first thing about many financial products currently on the market.

If you want to put your head in the sand thats up to you.

Perhaps we should all forget about the Giz. I agree with a lot of sentiment on this thread. To an extent, we have had our heads in the sand.

I suspect, but hope not, that WHOG management will cash in their TGTL shares next Wednesday at a greater than 50% loss. So perhaps we should concentrate on what WHOG will then be worth as a cash shell. I'm going to continue to hold my stake - may as well lose the lot than admit defeat!!!!

I'm also of the opinion that there has been some market manipulation going on here on the part of Tiger (IMHO and without prejudice). Imagine if you were the CEO of a company that was about to reimburse somebody for their shares at a certain date. It would be in your company's interest if the share price was low at that time so that you would not lose too much of the company's capital at a time when you were starting a major product launch and about to undergo a full listing. Also, with the full listing in mind, wouldn't it be nice if the sp was low so that as a director (or family member/freind) you could buy stock in your own company at an advantageous price.

But then again, I'm a cynic (but this company has made me that way).

I agree that all in the garden is not rosy, but i support StarFrog's view.Although quite Why WHOG would want to sell their shares at a 50% loss next week beats me. The price drop today looks a little over hyped , although a TGTL price of c$6 does not value the WHOG shares much more than current market price.

I think the current TGTL share price of $5.75 is just a little worrying- i'm prone to understatement

well... 7Million shares bought at 0.5 cant be bad - someones going to do well??? see below off giz website

http://www.gizmondo.com/news/item.asp?id=1028

Oct 27, 2005
Tiger Telematics Update

Gizmondo Europe Ltd., subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) indicated today that it is on track with its move into the USA market, continued management commitment towards full compliance with regulatory SEC filings, and confirmed previous appointments of executives, solidifying the management team.

Although Tiger's stock price has come under some pressure in reaction to Gizmondo receiving adverse media regarding some of its former employees hitherto unknown past history that recently came to light, the company is far better positioned today than it was three weeks ago with the product launch, added management and the recent appointment of new independent board of directors. The Company's own review of matters is fully and properly disclosed in its current and upcoming regulatory filings. The Company's Board is now comprised of a majority of independent members to provide corporate governance and review. Michael Carrender CEO of Tiger Telematics, indicated, "We are pleased with the board in place to lead the company through its critical execution stage."

Appointments
As previously announced, Steve Carroll (Chief Technical Officer and technical creator of the Gizmondo) was appointed to the company as Managing Director. Carroll's appointment follows after 3 years as head of technical development for the Gizmondo in Europe, during a period of major expansion. For the past 2 years he has been CTO of Tiger Telematics Inc and will continue to hold a seat on the board of directors.

etc

52% ?? I refer to my previous comment... sadly my moniker disposes my status alas

I can't believe no-one else has remarked on yesterday's sp performance. Admittedly it was from a position of weakness but 52% in a day...!

does any one know when this company has to trade in its shares,
this could well be the reason tigers price has dropped, so as not
to give too much away, just a thought

my understanding was not that WHOG has to sell its TGTL shares but that it must retain them at least until October(date i am not sure).

buy 0.5 to sell 0.6 in a day would net a modest gain of 20%, 200 for a small investment of 1000 - looking at the trades someone did well as I said previously.. given the sp dropped like a concrete parachute on vapourware makes u wonder.. worthy honorable oriental gentleman maybe?

willfagg - end of escrow period is November 2nd (i.e. tomorrow).

starfrog / Bugz,

I did visit the Regent Street shop, but alas arrived at 19.05, just after it had closed!

It is midway between Picadilly Circus and Oxford Circus tube stations, probably 10 minutes from either.

There were a few examples of the Giz in the window, and they looked ok to someone that is not up with the latest gaming consoles.

There is a Smart car inside the shop, presumably to feature the sat nav.

My son is interested in the sat nav model at 199, cheaper than most I would say, if not all, so I will try again soon to arrive when the shop is open for a demo.

For anyone interested, Regent St has some superb shops, including Hamley's toy shop, so if you are in the area it is worth the walk IMO.

Good luck to all holders,

Andy.

thanks for info starfrog

TGTL are bombing now down to $4.50, any news to support this?