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.

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%.

Should see some more delayed buys around 6 pence come through later on.

400,000 Buy reported at 5.75 pence. Bodes well.

tried to buy more but my dealer's website was down so i missed buying more. I am ANGRY!!! must forget it now. Yes they quoted me a 5-6 big spread (20%) I think due to high buy volume today, high spread -will deter early sales, together with good momentum; the share price will do nicely in the next few markets days (maybe breaking the 11p resitance) Sue et all. How do see the opening price tomorrow and its development for the next few market days. lets have your thoughts please. Thanks

Should see much more of the same tomorrow, with rising quite heavily tomorrow, maybe getting touching distance of 10 pence and then settling thereabouts.

I don't see the price rising above 10 pence just yet. Will get to 10 pence intraday before settling back at 8-9 pence levels.

Best Wishes,

Sue.

Good Morning everyone,

I have sold out just now at 7.3 pence after having bought in at 2.85 pence. I think the price may settle somewhere round here after rising another 31.0% this morning coupled with yesterday's 100% rise.

Best Wishes,

Sue.

I can see good buy volumes 250k+ so far, I think it will touch 7-8 by end of trading today. Will monitor this. Thanks.

Notable LEADERS today included Warthog, which rose 29.5% to 7.125p. On 30 December it posted a first-half pretax loss due, it said, to difficult conditions in the industry. It added it still 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.

Sue... could you please help me to understand about the ' horizontal development'. here is what you wrote before: ''The horizontal development as suggested by investtech this week and now the upwards corrections should be forthcoming''. Thank you in advance.

The horizontal development was when the price was at 2.5-3 pence for about 8-9 days and then the upwards correction what we have seen yesterday and today. Although, a further positive reaction could be ignited if the price was to close above the trend line. The price is now approaching the 50 day moving average and the price may stay at this point for a while.

I may be back in once the price has consolidated at this level, will have another look at these again next week.

Best Wishes,

Sue.

Latest Updates:

Neutral (Medium term) - Dec 30, 2003
Has fallen 85% since the peak on 11 Jun 2002 at 37.50. Has broken the falling trend down, which indicates an even stronger falling rate. The stock has resistance at p 11.00. Poor liquidity (traded 100% of the days, mean 7.90 mill per day) weakens the analysis.

Neutral (Short term) - Dec 30, 2003
Has fallen 72% since the peak on 5 Sep 2003 at 20.50. Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 2.50 and resistance at p 14.00. The poor liquidity of the stock (traded 100% of the days, mean 7.90 mill per day) may weaken the analysis.

I have bought back in at 7.5 pence before the close today.
Price closed well at 7.25-8 pence which was one of the factors along with some extrordinary buying, some massive buys at the 7.5 pence level.

Pots of losses


Flash Harry ... game from Warner Bros film of JK Rowling book
GAMES developer WARTHOG made a half-year loss of 2.6million despite creating a computer version of Harry Potter and the Philosophers Stone.

Warthog took a 2.2million hit to cover the cost of abandoned work, including a game based on Steven Spielbergs E.T. which failed to land a publishing deal. A game depicting Warner Bros Animaniacs has been blocked by wrangling over legal rights.

But shares in Warthog whose clients include games publishers ELECTRONIC ARTS, VIVENDI UNIVERSAL and AOL TIME WARNER climbed 3.25p to 6.

http://www.thesun.co.uk/article/0,,9-2003601828,00.html

Many more delayed buys still coming through, including another one for 100,000 shares. Someone seems to be buying in big chunks and have been at 7.5 pence all morning.
Buys at 7.5 pence appearing in the sell column.

Think this will continue to go up now into next week ....RSI is rising and todays volume was excellent and extraordinary considering that we closed for trading at 12:30pm .......back in as 10-15p is where this will settle I think.