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.

I bought some at 4.75, lets see what happens tomorrow. Again, gains will be mainly for short term.

Price 4.75-5 pence now, should see some MM buys.

Buy orders filled at 5 pence and the price 4.75-5.5 pence now.

Price 5-5.5 pence now.

10 pence could be of reach by tomorrow.

Price 5.0-6.0 pence now.

Sue,

I had a gut feeling to Buy in some more on Monday due to indicators overlaid on charts and how right it was. Should have done this but too nervous to put any more money in - would have had to sell something else and they were on the up.

Do you think there is much more upside - already +90.9% today so far?

Should pick up again later on and onto further gains tomorrow.

Hi Legins

Same here Legins but I bought in at 2.85 pence.

I do think there is much more upside yet. These kind of rises do produce further gains the next day and as daytraders move in, it should provide a further boost.

Delayed 100,000 buy at 5.5 pence just been reported.

Delayed 83,333 buy at 6 pence just been reported as well as other good buys.

Yes i had the gut feeling on Monday too but i needed to see the push upwards. I feel tomorrow it will be a good day at least 20%. It can go further up on the 2nd Jan IF volume reaches 2.5m before LSE closes. If i see this then will top up. What do you think Sue?

I think it should put on another 50% atleast tomorrow, volumes should be good again tomorrow. With the LSE closing at 12.30pm this should still be possible.
Have seen some good buys come in between 5.5-6 pence.

Today's Leaders and Laggards (latest update):

Notable LEADERS today included Warthog, which rose 90.9% to 5.25p despite posting a first-half pretax loss due, it said, to difficult conditions in the industry. The company said it faces a challenging period ahead. Revenue for the half year to end-September was 4.95m, down from 5.4m but exceptional provisions of 2.2m led to a pretax loss 2.6m compared with a profit of 134,000 last time.

13:00 Tue 30 Dec 2003
Warthog soars despite first-half loss
Computer games developer Warthog has taken a hit of more than 2 million as a result of cancelled and delayed projects, but the battered shares are up on hopes the group can reduce its risks with a new business model.


At the end of November Warthog shocked the market with news its interim results would fall below expectations and that further losses would be incurred in the full-year.


And today's results, for the six months to September, reveal a pre-tax loss of 2.6 million, compared with a 134,000 profit a year ago, on revenues of 4.95 million, down from 5.4 million.


The loss is due in part to 1 million of provisions made against project delays and cancellations by publishers. Most notable has been ET, where Warthog has decided to fund the completion of the project and place it with a different publisher, and X10, for which the costs have been written off and the project cancelled by the publisher.


Meanwhile, a further 1.2 million was written off due to uncertainty over the games' intellectual property rights.


The fall in the dollar, in which most of Warthog's revenues are denominated, has cut revenues by around 450,000 and hit margins by 4%, despite 150,000 of cost cuts. The group's costs, in contrast, are mostly in sterling.


'The past financial half-year has been an extremely difficult period,' said chairman Iain Macdonald. 'We have lost ground financially and face a challenging period ahead.'


Macdonald today bemoaned the fact games developers now have to spend their own money bidding for contacts they may not win. However, he says the group has now developed a co-operative model with the owner of the intellectual property, which can then be presented to publishers, and claims it has already come close to this approach in its recent work with Warner Brothers.


Meanwhile, the group plans to open an office on the west coast of the US, in order to be closer to game and film markets, and to expand its Texas Studio. The group's commercial director, Ian Grieve, has resigned from the board and will relocate to the US, while chief executive Ashley Hall is to spend more of his time there as well.


Warthog (WHOG) shares, which rose above 60p two years ago, are 2p up at 4.75p.


Citywire Verdict:


Warthog shares, which have already discounted the financial difficulties, have risen today on hopes its new joint venture model can reduce the risk of being left with a costly and unfinished game.


However, this is not the first time Warthog has disappointed investors; the group warned on profits just a year ago. Despite the growth of computer gaming, the structure of the industry could still work against the group.


In addition, most commentators expect the dollar to fall further next year, and this will only worsen Warthog's financial predicament.


Considering the shares' unattractive spread of 4.5p-5p, Warthog shares remain a risky bet.


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A risky bet which could bring excellent returns.

price have not moved upward since 1pm. Maybe it has settled for today. will be very encouraging to see 100% today. This will provide more gains tomorrow

Did actually get to 100% so on track even with the slightly easing of the price.

600,000 possible director purchase at mid-price of 5.25 pence just been reported. It is a definate buy, just not so definate about the director purchase.

Price 5-6 pence now, up 100%.