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Warthog PLC (WHOG)

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Friday 04 July, 2003

Warthog PLC

Trading Statement

Warthog PLC
04 July 2003





4th July 2003


                                 PRESS RELEASE


                                  WARTHOG PLC


                          ('Warthog' or 'the Company')


                                 TRADING UPDATE



As previously announced, Warthog plc will be releasing its preliminary results
for the year ended 31 March 2003 on 29 July 2003. It has now become evident to
the Board of Warthog that there is a significant risk that publishing agreements
on games that it had expected to conclude prior to its results announcement will
not be signed by that date. The need to sign certain of the games resulted from
the financial failure of the original publishers.


As a result, the Board believes that it is likely that the Company's results for
the year ended 31 March 2003 will be below market expectations and that the
Company will report a pre tax loss after exceptional items in the region of
£750,000. The Board is confident that an element of the development revenue from
these unsigned games will be recognised in the current year ending 31 March
2004.


Warthog will also announce today that it has signed a publishing agreement with
Electronic Arts to develop a Harry Potter and the Philosopher's StoneTM game on
the next-generation consoles, which is scheduled for release in the fall of
2003. This is further confirmation of the Company's success with premium
publishers and global brands, as evidenced through contracts for Battlestar
GalacticaTM with Vivendi, Looney Tunes: Back In ActionTM with Warner Bros. and now
Harry Potter and the Philosopher's StoneTM with Electronic Arts.


The Directors remain confident in the Company's prospects for the current
financial year.



Enquiries:


Andrew Gething

Corporate Development - Warthog plc            0161 608 1200


Ashley Hall                                    0161 608 1200

CEO - Warthog plc


David Simonson/ Clare Maciocia

Merlin Financial                               0207 606 1244



Warthog plc


Warthog plc is one of the leading independent games software developers. The
Company, based in Manchester, UK with offices in the USA and Sweden was
established in 1997 and has been profitable since creation. Warthog prides
itself on its highly experienced 250 + strong development team, whose combined
experience covers more than 1,500 games titles across all major platforms and
most games genres.


At present, the Company is working with numerous high profile licensees to
develop video game versions of such entities as Battlestar Galactica, Richard
Burns Rally Championship and Looney Tunes: Back in Action with Mace Griffin
Bounty Hunter now released. Further to developing games across all platforms,
Warthog retains strong relationships with major international publishers across
the industry, including THQ, Electronic Arts, Activision, Universal Studios,
Warner Bros, SCi, BBC and Infogrames. Warthog's first mobile game was
successfully published in 2001.


Warthog plc successfully floated on the Alternative Investment Market on the 1st
February 2001.











                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                  

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