Warthog PLC

Interim Results

Warthog PLC
07 December 2007


                                   WARTHOG PLC

                                INTERIM RESULTS


Warthog plc (the 'Company') today announces its interim results for the 6 months
ended 30th September 2007.


Chairman's Statement

The un-audited accounts for the six months to 30th September 2007 show an
operating loss of £26,877. This loss represents the cost of maintaining the
Company along with its listing on the AIM market.

As the Company has not yet been able to complete a reverse takeover or otherwise
substantially complete its investing strategy by 12 November 2007, in accordance
with AIM rules its shares were suspended on 12 November 2007.

The Company is continuing to seek and evaluate options in order that its shares
might be re-instated. If this does not prove possible by 12 May 2008 the company
will cease to be listed on AIM.



Ian Templeton
Chairman


Warthog PLC

Profit and Loss Account

Six months to 30th                                    Unaudited Unaudited  Audited
September 2007                                              Six       Six     Year
                                                         Months    Months    ended
                         Notes                            ended     ended 31/03/07
                                                       30/09/07  30/09/06
                                                              £         £        £

Other operating                                          26,877    31,555   67,973
expenses (net)
                                                       ___________________________
Operating Loss                                          (26,877)  (31,555) (67,973)
                                                       ___________________________

Loss on ordinary                                        (26,877)  (31,555) (67,973)
activities before
interest

Investment income                                         1,480     1,729    3,390
                                                       ___________________________
Loss on ordinary                                       (25,397)  (29,826) (64,583)
activities before                                   
taxation

Taxation                  2                                   -         -        -
                                                       ___________________________
Retained Loss for the                                  (25,397)  (29,826) (64,583)
year                                                   ===========================

Earnings per ordinary     3                             (0.01)p   (0.01)p  (0.02)p
share - basic
Earnings per ordinary     3                             (0.01)p   (0.01)p  (0.02)p
share - diluted



Balance Sheet

30th September 2007                        Unaudited    Unaudited      Audited
                                  Notes     30/09/07     30/09/06     31/03/07
                                                   £            £            £
Fixed Assets
Investments                                        -            -            -
                                         _____________________________________
                                                   -            -            -

Current Assets
Cash at bank and in hand                      87,882      157,210      124,621
                                         _____________________________________
                                              87,882      157,210      124,621

Creditors: Amounts falling due              (22,243)     (31,417)     (33,585)
within one year
                                         _____________________________________
Net current assets                            65,639      125,793       91,036
                                         _____________________________________
Total assets less current                     65,639      125,793       91,036
liabilities
                                         _____________________________________
                                              65,639      125,793       91,036
                                         =====================================
Capital and reserves
Called up share capital                    3,478,821    3,478,821    3,478,821
Contingent share capital                           -            -            -
Share premium account                      9,555,365    9,555,365    9,555,365
Merger reserve                                     -            -            -
Profit and loss account           4     (12,968,547) (12,908,393) (12,943,150)
                                        ______________________________________
                                              65,639      125,793       91,036
                                        ======================================


Consolidated cash flow statement           Unaudited    Unaudited    Audited
                                          Six Months   Six Months Year ended
                                        ended 30/09/ ended 30/09/   31/03/07
                                                  07           06
                                                   £            £          £

Cash flow from operating activities  5      (38,219)     (23,910)   (58,160)

Returns on investment and servicing            1,480        1,729      3,390
of finance
                                           _________________________________
Decrease in cash in the period              (36,739)     (22,181)   (54,770)
                                           =================================

Notes to the interim accounts for the period to 30th September 2007


1 The interim report was approved by the directors on 22 November 2007. This
interim report has not been audited.

The interim report has been prepared using the accounting policies set out in
the Company's statutory accounts for the year ended 31st March 2007.

The results for the year ended 31st March 2007 are abridged from the 2007 annual
report and accounts which received an unqualified auditors' report and which
have been filed with the Registrar of Companies.

International Reporting Standards have not been adopted on the basis that the
Company is not a member of a Group.

The financial information presented does not constitute statutory accounts
within the meaning of s240 CA85.

2 The taxation charge for the period is analysed as follows:

                                       Six Months    Six Months   Year ended
                                            ended         ended     31/03/07
                                         30/09/07      30/09/06
                                                £             £            £
Current Tax                                     -             -            -
UK Corporation Tax charge for the               -             -            -
period
                                          __________________________________
                                                -             -            -
Deferred Tax
Origination of timing differences               -             -            -
                                          __________________________________
                                                -             -            -
                                          ==================================

3
Earnings per share
Earnings per share for the half year ended 30th September 2007 have been
calculated using the number of shares in issue throughout the six months to 30th
September 2007, being 347,882,123. Diluted earnings per share are the same as
basic earnings in view of the loss for the period.

4
The movement in shareholder funds is analysed as follows:

                                          Six Months     Six Months   Year ended
                                      ended 30/09/07 ended 30/09/06     31/03/07
                                                   £              £            £

Loss for the financial period               (25,397)       (29,826)     (64,583)
                                          ______________________________________
Net reduction to shareholders' funds        (25,397)       (29,826)     (64,583)

Opening shareholders' funds                  91,036        155,619      155,619
                                          ______________________________________
                                             65,639        125,793       91,036
                                          ======================================

5
Reconciliation of operating loss to net cash flow from operating
activities

                                         Six Months     Six Months    Year ended
                                     ended 30/09/07 ended 30/09/07      31/03/07
                                                  £              £             £

Operating loss                             (26,877)       (31,555)      (67,973)
(Decrease)/Increase in creditors           (11,342)         7,645         9,813
                                          ______________________________________
Net cash inflow /(outflow) from            (38,219)       (23,910)      (58,160)
operating activities                      ======================================




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