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.

Let's hope for a good showing in Cannes over the next couple of days

iturama, not good if you cant get lost from one another!!!!lol.

Apparently you can get an attachment which shows the missus you are in work -- when you're actually in the pub. How cool is that!!

John,
I remember one New Year's eve spending 4 hrs trying to find a young niece who had wandered off on Copacabana beach. Mind you, she would have been mugged if she'd had a Gizmondo! Lol.
Paulo, as long as she doesn't learn the same trick.

lol

Just spoke to Ian Templeton. 347.88M shares on Whog register.

Looks like Tgtl will go through $30 today.

knocking on the door iturama, $30+ here we come

It can knock away, but it doesn't look like it's getting in today. Why is it that soon as someone mentions a finishing SP a share will invariably do the opposite? Perhaps if we don't mention the $30 mark tomorrow it might do it!

$30 is the current chart resistance level.

Think it will need a push: Either some good news from Giz or reviews from Edge and Games TM, both of which I think have new editions out in the next couple of weeks.

14 Feb, 2005 - Ride Freesport announce new title sponsor

TITLE SPONSOR ANNOUNCED - Gizmondo Signs 3 Year Deal

Ride Freesport is proud to announce a new partnership with Gizmondo (www.gizmondo.com). The investment from Gizmondo will help give freeskiers the exposure they rightly deserve, not just on television but also in the form of multimedia. The Gizmondo is a device that has features such as Gaming, Camera, Music Player, Movie Player, Messaging, GPS, GPRS, Bluetooth and USB to sync with your PC. The company will be making a computer game called 'The Verbier Ride' which will be released later this year. This will be a great area for exposure of freeskiing athletes and also the sport of freeskiing in general.

This year at the Verbier Ride, freeskiers and members of the general public will be amongst the first to try out the device and put it to the test. For a chance to win a Gizmondo go to www.verbierride.com and check out the 'Win Stuff' banner on the home page.

VERBIER RIDE 05 - Gizmondo Signs 3 Year Deal

The Verbier Ride 05 (5th - 9th March) is just 24 days away. The event this year will see its best ever media coverage. Last years event clocked up over 390 hours of television time world wide and this years event is looking to surpass that. For the athletes it's part of their European tour of freeskiing events and a chance to show the world where freeskiing is at.

This year the prize fund for the event is 10,000 in cash and 5,000 in prizes. Each 1st placed athlete will receive their prize money plus a Gizmondo worth 329. The Verbier Ride website (www.verbierride.com) will have the initial start up list for the 3 disciplines this weekend.

New features to the Verbier Ride 05 are the Outdoor Cinema Results taking place each evening in Place Central. With the help of the Hotel Farinet and Maison Du Sport highlights of the event will broadcast for 20 minutes each day showing the action on a big screen outside the Apres Ski bar of the Hotel Farinet. This action will be interlaced with messages from the events sponsors and partners.

Also new for this year is the notification by Global Event Management (www.globaleventmanagement.com) that they will consider the 1st placed athlete in the Slope Style discipline of the Verbier Ride for a place at X-Games Ten. This is not guaranteed and will be judged after the event depending on the level of riding and quality of the event as a whole. The Verbier Ride Skier Cross is still an X-Games TEN qualifier for the first place in the Men's category.

The event schedule for the week is available at www.verbierride.com along with information on the event, the resort and the event sponsors. The event will be run in association with Gizmondo () and is Sponsored by Dainese www.dainese.com, Hotel Farinet/Casbah www.hotelfarinet.com, Snow + Rock (www.snowandrock.com, Televerbier (www.televerbier.ch and Verbier Tourism www.verbier.ch.

OTHER IFSA EURO DATES - Les Arcs / Vars

During March there will be two other significant IFSA (International Freeskiing Association) events in Europe. Firstly and before the Verbier Ride there is the Les Arcs Freeride (www.ridelife.com), a Euro and World Tour event. This comp runs from the 28th Feb - 4th March. Then after the Verbier Ride there is the Vars Freeride. Vars is the last event in the Euro Tour series and runs from the 11th - 13th March. Check out the IFSA website (www.freeskiers.org) for more info.

Tiger knocked at 30 but didn't get an answer so it tried no 29 instead, who was only glad to let it in. By my reckoning that still values Warthog at 2.195p per share. Am I right in thinking that Warthog's shares have been trading at 20% under their actual value for the last few months? Or is it more than that?

Paulo.
The discount has varied, depending on sentiment. My own view is that a 30% discount was probably fair at the time of the announcement at the beginning of November. The fact that we have moved on 3.5 months, and the cash registers start ringing in two weeks time, justifies, in my opinion, a lower premium premium now, of say 20% max. That would equate to a price today of 1.80p.
The tgtl price should move up quite sharply as sales figures are announced. IMO the problem will be producing enough to satisfy demand, not lack of advertising effort or consumer interest.

Its a big bit of sentiment.With TGTL c $30 it should be at 2p and that has some discount.Unless the GIZ dies on its launch (as we discover flaws in the product) the rating and price look silly. If the claimed guaranteed sales are correct the rating and price looks silly. We are moving into a very interesting period with the UK, Europe and USA launch rolling out one after the other, and we will all either be sitting here with egg on our face in three months time , or make a lot of money IMO.

TGTL closed last night at $29. With 347,203,896 WHOG fully paid shares in issue and cable at 1.887, I make WHOG fair value at 2.25p at this moment.

Iturama, call me stupid, but do me a favour and don't mention the $30 mark today. You never know....

LOL

Willfagg, the cap for Tiger is $1.3b as of Feb 10. So at $400 a pop for the Giz that's just 3.25m units, or thereabouts -- and that's without taking in to account games, accessories, PEs and everything else you can think of. Or have I had too large a liquid-lunch?

Looks...no comment!

Chiz!