Strategy First Moves Full Steam Ahead

Software publisher Strategy First, Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and Valve Corporation are pleased to announce they have entered into a multi-title distribution agreement of Strategy First's front line titles and new releases via Steam, Valve's online platform for digital content distribution and management. Strategy First is the first independent entertainment software publisher to move forward with Valve's Steam, which connects nearly 6 million gamers worldwide.

"S.C.S - Dangerous Waters(TM)," a groundbreaking naval simulation game due arrival in December 2005, will be the first of many Strategy First titles made available to Steam registered gamers.

"Digital distribution is an exciting, effortless and dynamic delivery method to bring Games and Gamers together in a real-time experience," stated Emanuel Wall, Product Manager at Strategy First. "We are excited to be working with Valve and the opportunity to bring our top quality titles to their Steam delivery platform. We believe Valve's delivery system is one of the best methods of connecting gamers to top software titles as do millions of gamers worldwide. We believe our robust portfolio of gaming titles coupled with Valve's recognized market acceptance are a winning combination for both parties and gamers alike."

"Strategy First has a proven reputation for delivering high-quality products, created by independent developers, to gamers around the world," stated Gabe Newell, Valve's Founder and President. "We are pleased to offer their best titles as the Steam audience continues to expand beyond the nearly 6 million gamers."

About Valve

Valve is an entertainment software and technology company founded in 1996 and based in Bellevue, Washington. The company's debut title, Half-Life®, has won over 50 Game of the Year Awards and was named "Best PC Game Ever" in the November 1999, October 2001, and April 2005 issues of PC Gamer, the world's best-selling PC games magazine.

Valve's portfolio of entertainment titles also includes Counter-Strike(TM), Day of Defeat®, and Team Fortress®. This portfolio of titles accounts for over 18 million retail units sold worldwide, and Valve games account for over 88% of the PC online action market.

In addition to producing best-selling entertainment titles, Valve is a developer of leading-edge technologies, such as the Source(TM) game engine and Steam, a broadband platform for the delivery and management of digital content.

Today, Valve is composed of over 70 of the industry's leading artists, programmers, and writers. In the company's nine-year history, it has risen from "unlikely new entry" to industry leader, producing a string of best selling and critically acclaimed PC entertainment products and technologies.

www.valvesoftware.com
www.steampowered.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 Fantasy Sports, Inc., a dominant provider of fee-based NASCAR-related and other fantasy sports games, Strategy First Inc., a leading developer and worldwide publisher of entertainment software for the PC, as well as a stake in Magnolia Broadband, a fab-less semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry. www.silverstarholdings.com

About Strategy First

Strategy First, Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Founded in 1990, the Company has grown rapidly, publishing major games in the industry such as "Supreme Ruler 2010" and "Disney's Aladdin Chess Adventures" and simultaneously developing its own in-house titles such as "O.R.B." and "Disciples II." After winning numerous awards for games such as "Disciples: Sacred Lands," "Kohan: Immortal Sovereigns," "Steel Beasts," "Galactic Civilizations," and "Jagged Alliance," Strategy First continues to push the gaming envelope with its own groundbreaking titles, while maintaining its reputation as a unique alternative for independent developers seeking to market their games to a worldwide audience.

www.strategyfirst.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.

Contact: Silverstar Holdings, Inc. Clive Kabatznik President and CEO (561) 479 0040 Email Contact Or Alliance Advisors, LLC Alan Sheinwald (914) 244-0062 Email Contact