NEW PATCH RELEASED FOR ENEMY ENGAGED 2

Media Alert!

Montreal, Canada October 31, 2007. Software publisher Strategy First Inc., a subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), released a new patch for the popular helicopter game“Enemy Engaged 2” today. Developed by Gameyus Interactive, the new patch version 1.01 will improve and fix minor bugs. For a complete list of fixes see the history link below.

Download the patch today directly from the Strategy First website at:

http://www.strategyfirst.com/en/games/EnemyEngaged2/downloads/#Downloads571

For a history list of improvements please visit:

http://www.strategyfirst.ca/downloads/patches/EE2_SF_Patch1.txt

About Enemy Engaged 2

Enemy Engaged 2 is the sequel to the best selling chopper classic,“Enemy Engaged: RAH-66 Comanche Versus Ka-52 Hokum”, a game that received universal praise for its dynamic and ground breaking content and continues to maintains a large player base. Released in 2000, the original Enemy Engaged set the standard for 21st century flight sim with stunningly realistic visuals and attention to detail. Enemy Engaged 2 is set to take the series even further with new dynamic missions and a complete overhaul of graphics and audio that brings the game up to date with the latest and best flight simulations available.

For more information on“Enemy Engaged 2” please visit: http://www.strategyfirst.com/en/games/enemyengaged2

About Strategy First Inc

Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings (Nasdaq: SSTR), is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company is well known for its proprietary groundbreaking titles, such as the award winning Disciples, Jagged Alliance and Space Empires series of games, which are under continuing development. Simultaneously, Strategy First continues to publish many of the industry’s major titles, winning numerous awards for games such as“Hearts of Iron”, and“Galactic Civilizations.” Recent offerings include top releases such as“S.C.S.– Dangerous Waters™” and“Space Empires V,” and“Making History: The Calm and the Storm.” The Company provides a unique alternative for independent developers seeking to market their games to a worldwide audience. www.strategyfirst.com

About Silverstar Holdings

Silverstar Holdings Ltd. is a publicly traded company (NASDAQ: SSTR), focusing on acquiring controlling positions in high-growth retail-driven and fee-based electronic game businesses that stand to benefit from the economies of scale generated by the Internet and other technology-related platforms. It currently owns Empire Interactive PLC and Strategy First Inc. as well as a stake in Magnolia Broadband. Empire Interactive PLC is a leading developer and publisher of interactive entertainment software games such as Starsky&Hutch, Big Mutha Truckers, Ford Racing and FlatOut. Empire’s products are delivered on both console and PC platforms. Strategy First Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Magnolia Broadband is a fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry.

About Gameyus Interactive

Gameyus Interactive is a United States based company with a game development studio located in Belgrade, Serbia. Gameyus employs many veteran game developers with years of experience on different gaming platforms and genres. Their first PC Real-Time Strategy title Will of Steel ( www.willofsteel.com) was published in 2004 across North America, Europe, and Asia. Gameyus’ stated mission is to: Create the newest technology and best possible graphics in order to bring gamers a Real-Time Strategy Experience unlike any other. http://www.gameyus.com

The statements which are not historical facts contained in this press release are forward looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission.

Jasmine Goyer

PR&Marketing Coordinator

Strategy First Inc.

jgoyer@strategyfirst.com

514- 844-3040 ext.240


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