Warthog PLC

Directorate Change

Warthog PLC
29 March 2004

29 March 2004

                                  Warthog plc

                      Retirement of Non-Executive Director

The Board of Warthog plc ('Warthog' or 'the Company') today announces that Iain
Macdonald will be retiring as non-executive Director of the Company with effect
from today, 29th March 2004.

Mr Macdonald, 59, joined Warthog in 1997, soon after the foundation of the
Company, serving as non-executive Chairman until January 2004, when he was
succeeded by Ian Templeton. Ian Templeton and David Robinson continue as
non-executive Chairman and non-executive Director respectively.

Ashley Hall, Chief Executive Officer of Warthog plc, said

'We thank Iain for the contribution that he has made to the development of the
Company over the past seven years, both as Chairman and as non-executive
Director. His experience, advice and guidance have been most appreciated by the
executive management and we give him our very best wishes for the future.'

For further enquiries, please contact:

Warthog plc                                           0161 608 1200
Ashley Hall, CEO

Merlin                                                020 7653 6620
David Simonson / Kirsty Black

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