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.

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.

RNS Number:8461U
Warthog PLC
30 January 2004

Warthog plc ("Warthog", "Group" or "Company")

Placing of New Ordinary Shares for Cash

Warthog, one of Europe's leading independent games software developers, today
announces that it proposes to raise #4.5 million (before expenses) by way of a
placing of 225,000,000 ordinary shares of 1p each ("Placing Shares") at a price
of 2p per Placing Share ("the Placing"). The net proceeds of the Placing of
#4.15 million will strengthen the Company's balance sheet, enabling the Group to
complete its strategic re-positioning, and provide general working capital. The
Placing has been arranged and underwritten by Evolution Beeson Gregory.


Key points:

* Placing of 225,000,000 Placing Shares to raise #4.5 million (before
expenses)

* Placing price of 2p represents a discount of approximately 47 per cent.
to the closing mid-market price on 29 January 2004 of 3.75p

* Placing Shares placed with new and existing institutional investors

* Placing proceeds will strengthen the balance sheet, complete its
strategic repositioning and provide general working capital

* All of the Company's directors ("the Directors") will subscribe for
Placing Shares amounting to, in aggregate, #104,000

* Company proposes to raise additionally up to approximately #1.5 million
by way of a non-underwritten 3 for 2 rights issue at 2p


Background to and reasons for the Placing

On 28 November 2003, the Company announced that its forthcoming results for the
six months ended 30 September 2003 would be below market expectations and that
the Company would report a loss for that period in the region of #2 million. As
part of that announcement, the Company also announced that the Board had
recognised the need to strengthen its balance sheet in the near future. On 30
December 2003, the Company announced its interim results for the six months
ended 30 September 2003 in line with these early guidelines. The Directors have
explored and actively pursued a variety of strategic alternatives to address the
immediate and future funding requirements of the Group. However due to the time
constraints, the Directors have concluded that the proposed cash placing is the
most certain option and is therefore in the best interests of the Company and
Shareholders as a whole.


Proposed Rights Issue

The arrangements for the Placing provide the Company with the certainty of
raising the funds necessary for the Group's immediate future development. In
order to offer the Company's existing Shareholders the opportunity to subscribe
for ordinary shares of 1p each in the Company ("Ordinary Shares") at the Placing
Price, the Company also intends to offer up to approximately 73.6 million new
Ordinary Shares by way of a 3 for 2 rights issue ("Proposed Rights Issue").

If all of the Company's existing shareholders elect to take up their full
entitlement under the Proposed Rights Issue, it will raise a maximum of
approximately #1.5 million (before expenses) for the Company. However, the
Proposed Rights Issue will not be underwritten.

A circular in relation to the Proposed Rights Issue will be sent to Shareholders
as soon as possible and in any event prior to the extraordinary general meeting
to approve, inter alia, the Placing, which has been convened for 23 February
2004 ("EGM").


Strategy

As a result of recent industry changes within the video games market, the Group
believes that the potential returns available to video games developers from the
traditional "work for hire" business model are diminishing and are not without
considerable risk to the developer. Consequently, the Group intends to achieve a
greater balance between developing games directly for publishers on a "work for
hire" basis and developing games alongside the owners of valuable IP licences.
The Directors believe that their existing industry relationships with IP licence
holders, especially in the US, will enable the Group to secure a number of high
profile development contracts working directly with the IP licence holders to
develop video games. The Directors believe that, once it has secured the right
to develop a game based on valuable IP, the Group and the IP licence holder will
be in a strong position to negotiate a contract with the publisher to publish
the game.


Use of Proceeds

The net proceeds of the Placing will be approximately #4.15 million. The
Directors estimate that approximately #1.5 million will be invested in the
development of games alongside the owners of valuable IP licences, #1.0 million
will be required to strengthen the Group's balance sheet and the balance will be
used to satisfy the general working capital requirements of the Group.


Current Trading and Prospects

Trading conditions for the Group remain extremely challenging. However, since
the turn of the year, the Group has made good progress in securing interest from
a number of holders of significant IP licences, particularly IP in relation to
large budget feature films. The Directors anticipate securing at least one major
contract to develop a video game in conjunction with the IP holder by the end of
the third quarter 2004.

Whilst the Directors expect the Group to continue to incur losses throughout the
second half of the current financial year and into the first half of the next,
they are encouraged by prospects for the new strategy and of the benefits of the
cost cutting measures. The Directors are confident that with the funds raised
from the Placing the Group is now in a position to become cashflow positive
during 2005 without recourse to further funding.


Board Changes

The Company announces today that, with immediate effect, Ian Templeton will
become Chairman of the Board and Iain Macdonald will remain as a non-executive
Director.


Extraordinary General Meeting

The Placing is conditional, inter alia, on the passing of the Resolutions at the
EGM, finalisation of certain detailed terms of the Group's new banking
facilities and admission of the Placing Shares to trading on AIM, becoming
effective by no later than 31 March 2004. The EGM has been convened for 11.00am
on 23 February 2004.


Related party transactions

The issue of 5,200,000 Placing Shares in aggregate to the Directors pursuant to
the Placing will be classified as a related party transaction for the purposes
of the AIM Rules. Evolution Beeson Gregory, the Company's nominated adviser,
considers that the terms of the Placing are fair and reasonable insofar as the
Company's shareholders are concerned.



Ashley Hall, Chief Executive Officer of Warthog, commented:

"Warthog is now in a stronger position to fund its continued growth. We are
pursuing attractive opportunities, especially in the area of developing games
alongside the owners of valuable IP licences. We believe that Warthog has an
exciting future ahead and I look forward to reporting on our progress in the
near future."


Application will be made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM. It is expected that such Admission will occur on
24 February 2004.


Enquiries:

Steven Law (Chief Operating Officer) and Simon Elms (Chief Financial Officer)
Warthog plc - 0161 608 1200

David Simonson/Kirsty Black
Merlin - 020 7653 6620

Tom Price
Evolution Beeson Gregory Limited - 020 7071 4300

30 January 2004



This information is provided by RNS
The company news service from the London Stock Exchange

END

LONDON (AFX) - Warthog PLC warned that it expects to continue to suffer
losses in the second half of this year and the first half of next year.
The news followed an announcement in November last year that the games
developer expected to report a loss of 2 mln stg for the first six months to
Sept 30, 2003.
Warthog also said today it will raise 4.5 mln stg through a placing of 225
mln shares at 2 pence each and plans to raise up to a further 1.5 mln stg via a
non-underwritten 3-for-2 rights issue at 2 pence.
The company also said Ian Templeton will become chairman with immediate
effect.
newsdesk@afxnews.com
ak/

LONDON (AFX) - Warthog PLC warned that it expects to continue to suffer
losses in the second half of this year and the first half of next year.
The warning came after the company in December reported a loss for the first
six months of the current financial year.
Warthog also said today it will raise 4.5 mln stg through a placing of 225
mln shares at 2 pence each and plans to raise up to a further 1.5 mln stg via a
non-underwritten 3-for-2 rights issue at 2 pence.
The company also said Ian Templeton will become chairman with immediate
effect.
The company said conditions remain "extremely challenging", but on a more
upbeat note, it has made good progress in securing interest from a number of
holders of significant IP licences, particularly IP in relation to large budget
feature films.
The group said it believes industry changes mean potential returns available
to video games developers from the traditional 'work for hire' business model
are diminishing and risky. It therefore aims to achieve a greater balance
between developing games directly for publishers on a 'work for hire' basis and
developing games alongside the owners of valuable IP licences.
It believes its existing industry relationships with IP licence holders,
especially in the US, will enable it to secure a number of high profile
development contracts working directly with the IP licence holders to develop
video games. Once it has secured the right to develop a game based on valuable
IP, the group and the IP licence holder should be in a strong position to
negotiate a contract with the publisher to publish the game, Warthog said.
Warthog said it expects to secure at least one major contract to develop a
video game in conjunction with the IP holder by the end of the third quarter
2004.
The company said the proceeds from the placing, estimated at a net 4.15 mln
stg, will strengthen its balance sheet and enable it to complete its strategic
re-positioning.
It will invest 1.5 mln stg of the proceeds in the development of games
alongside the owners of valuable IP licences, while 1 mln stg will be required
to strengthen the group's balance sheet. The balance will be used for working
capital purposes.
Warthog said the funding gives it confidence it will become cashflow
positive during 2005 without recourse to further funding.
The placing was arranged and underwritten by Evolution Beeson Gregory.
The 2 pence placing price is at a discount of 47 pct to yesterday's closing
share price of 3.75 pence.
The shares will be placed with new and existing institutional investors
Warthog said its directors will subscribe for placing shares amounting to
104,000 stg.
newsdesk@afxnews.com
ak/

Surely this can only be taken as good money after bad.This company would go to the wall without this placing to bail them out .How long before this company fritters away the lot again.This placing will take the shares on issue from 49mil to 274mil further diluting the shares.I would like to see the company doing some heavy cost cutting to run with this new placing to get them towards making some of a profit before the money runs out.This one looks like another Rage jam tommorrow???

This new issue comes across as a little desperate. My best man (great speech by the way) has just left Warthog after working there for 5 years. And the situation is desperate. Numerous redundancies and previously loyal staff leaving a sinking ship. Warthog have no orders and currently just getting further into debt as they have to pay running costs. High risk & high blood pressure !

does anyone have any views on whats going on at warthog at the moment?

Hi I am a victim of the inept Warthog management, and I disagree with your comments that they kept their shareholders informed. They had issued bullish statements about their new Harry Potter ganes and others which with the Xmas period coming we were all expecting a nice surprise........well we got one!If the management have learnt their lesson and worked out that it is not wise to sign contracts which shell out loads of money to your supplier and leave you with no product to sell fi they go bankrupt before completion of the game , then I agree that the fundamentals look ok for a recovery but when ? How long etc.......I need a better crystal ball!

RNS Number:6961V
Warthog PLC
23 February 2004


Warthog plc


Announcement of passing of all resolutions at Extraordinary General Meeting of
the Company and Trading Update



Warthog plc ("Warthog" or "the Company") announces that at its EGM held today in
relation to the Placing and the Proposed Rights Issue, originally announced on
30 January 2004, all the resolutions were passed.


Warthog is also pleased to announce that, in respect of the recently announced
strategy of IP partnering, the Company is in contract negotiations with two new
IP providers regarding partnering contracts for two significant movie-related
games projects.


Additionally, Warthog announces the termination of a previously unnamed title
that had been under development by the Company's Texas studio for a US client.
The contractual terms of this work for hire project mean that Warthog expects to
receive a significant termination payment. The expected net financial impact of
this termination on the current financial year (ending 31st March 2004) is to
reduce the Group's reported loss by #23,000 and to improve cashflow by #121,000.
The Company's prudent treatment of the contract resulted in no royalties being
forecast for this project. It is currently envisaged that one of the
above-mentioned IP partnering projects would be undertaken by the Texas studio.


Ashley Hall, Chief Executive Officer of Warthog, commented:


"We are pleased to have secured the funding from the Placing to allow us to
implement our strategy of partnering with the owners of valuable IP licences.
It is currently envisaged that the contract termination will allow our Texas
studio to accelerate Warthog's development of games in partnership with IP
holders."



23 February 2004


Enquiries:

Kirsty Black, Merlin PR 020 7653 6620







This information is provided by RNS
The company news service from the London Stock Exchange

END