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.

The /Euro earnings will be worth more per unit at this stage. The volume will be in the US. Be interesting to see the price when the NYSE opens.

Some large volume buys going through today. But with such a low price its hard to say whether this is MM activity or Joe Public? At least it keeps the stock active and in the investor's eye!

The P/E ratio and earnings per share for Tiger Telematics makes interesting reading!
http://www.pinksheets.com/quote/quote.jsp?symbol=TGTL

TGTL already up another 6% in early trading. There must be a mistake with those earnings numbers. Too good to be true. Perhaps they are stating next years numbers! LOL.

If anyone interested TGTL up 2.40 to 21.76 up 12.4 % now.
Lets hope WHOG can carry momentum.

It will, sooner or later.
The plain fact is that, even with the recent rise, Whog is trading at less than half its tangible assets value. Those assets are rising in value daily on the back of the Gizmondo launch, which retails at over 200. The talent in Warthog didn't jump ship without reason.
A few weeks back the pundits gave a price of 3p a share, including the value of the tax losses to a buyer. That is looking increasingly possible, perhaps even conservative.
Don't be put off by short term sells. This looks as safe as they come at current trading prices.

Yes, iturama...the future is getting better with Gizmondo doing so well.

been on the fence for some time but decided to take the plunge

iturama - thanks for your encouraging comments. Brightened up my morning. Glad I stayed with the pig! :>)

Starfrog
The pig might just turn into a fairy princess if the unsubstantiated rumours (and I stress UNSUBSTANTIATED) regarding Microsoft and TGTM turn out to be true. Regardless of that the shares look good value on fundamentals alone.

iturama - I agree. Expect some profit taking later this week and into next. Short term (imo) is still up. Hurrah.

TGTL up another +11.5%, or $2.50, at NY opening. Bodes well for the day.

iturama,
Thanks for that , nice to watch TGTL performance, its making new high`s.

De nada. Wait until they launch in the US of A. Thats where the Warthog guys come in with their games expertise. The real money is in the games as far as the US is concerned.

TGTL up $2.85 to $24.60 (13.10%).

Guys (and gals) I don't want to put a damper on it but I must admit to still being confused here. That TGTL is going up is great news for their shareholders. That Microsoft might be interested in buying out TGTL is also good news for TGTL shareholders. But how do WHOG shareholders fit into this picture? The 0.5million shares that they have been given in TGTL as part of the recent disposal are held in escrow and can't be sold on the market for 1 year. Also, the founding partners in WHOG have upped roots and joined TGTL in USA, so presumably they will be using their expertise to create games and content dircetly for TGTL and not through WHOG.

And they are also talking about changing the company name. Why?

Don't know about the name change.
Quite right that the shares and cash are in escrow for another 11 months. Of course that doesn't stop a company offering to buy Warthog at any time.
As it stands it is a bit like an endowment policy; you can stay the course and reap the full value or check out early and receive less. The fact that Tiger Telematics is doing so well suggests that you will get out a lot more than the face value of the original deal, or todays price. I personally feel that this share offers more chance of tripling your investment within a year, with a lot less risk, than certain oil stocks that will not be mentioned. Not bad for a year - even in the worst circumstance you can think of it should outperform the best savings account.
But each person has to look at their own circumstance, look at the deal closely and make a choice.

i bought at 1.1p and taking fees into account, i will start to profit at 1.35p, i know it sounds silly but seeing these jump 22% today bought a smile to my face as my loss is now narrowing by the day, Lets hope this one runs into next year where i can then see some profit.

As iturama mentions above, if I get more than 5% nett profit then thats a darn sight better than any savings a/c and some isas.

Still looks cheap as TGTL is doing so well...so WHOG will be worth much more in a year's time

iturama - I like you. You brighten up my day again with your last post. I've got some way to go to break even (1.5p) but it looks like it might get there sooner than I expected. I've been in this stock since May 03 (14p buys!!!!) but have regularly topped up as the price dropped.

What are your thoughts on the fact that Gizmondo Europe no longer have a notifiable interest in WHOG? Does this matter?