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STRATEGY FIRST RELEASES PATCH v1.74 FOR SPACE EMPIRES V

Montreal, Canada. June 10, 2008. Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is releasing a new Patch for“Space Empires V.” The Space Empires V patch version 1.74 will update the English U.S. version of“Space Empires V” to version 1.74. See the history.txt file for a complete list of the changes and fixes included in the patch. The new Space Empires V patch will also be available to Steam users to download via Steam.

Download the patch today directly from the Space Empires website at:

http://www.spaceempires5.com/files/se5patch_v174.exe

The history file can also be downloaded directly from the Space Empires website at:

http://www.spaceempires5.com/files/se5patch_v174.txt

About Space Empires V

“Space Empires V” is the new edition in the Space Empires series. This new chapter’s completely updated UI takes the player into a real-time rendered 3D universe. Watch space battles played out with incredible detail and realistic effects. Expand, Explore, Exploit, and Exterminate in a huge living and breathing galaxy. New features abound, with political alliances between multiple empires, top-down ship design systems, hexagonal movement grids, and much more.

Space Empire V is rated E for Everyone by ESRB. For more info on“Space Empire V” or to purchase directly from Strategy First visit: http://www.strategyfirst.com/en/games/SpaceEmpiresV

About Malfador Machinations

Malfador Machinations, founded in 1995, is a noted developer of PC strategy games. Its previous titles include“Space Empires Series”, and“Dungeon Odyssey”. Malfador Machinations’ is based out of Santa Rosa, CA. www.malfador.com

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™,”“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 an international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc. Empire Interactive ( www.empireinteractive.com) is a leading developer and publisher of interactive entertainment software games, including Starsky&Hutch, Big Mutha Truckers, Ford Racing and FlatOut. Empire’s products are delivered on both console and PC platforms. Strategy First ( www.strategyfirst.com) is a developer and worldwide publisher of entertainment software for the PC. For more information about Silverstar Holdings visit www.silverstarholdings.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

For more information, please contact:

Maria Loreto

Strategy First Inc.

Tel: 514-844-3040 ext.242


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