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Competitive Ladder For Legion Arena Now Up And Running

How do your Skills Measure Up?

For Immediate Release

Montreal, Canada. December 22, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and Slitherine Software are challenging "Legion Arena" gamers to put their skills to the test by joining their competitive ladder. To join the ladder all players need to do is engage in multiplayer games of "Legion Arena" and report their results to the ladder; they will subsequently get ranked amongst other gamers.

The hours of effort, pain, sweat and determination will all be worth it if your goal is to make it to the top. Perhaps an even bigger pay-off is that you will have secured the right to brag. Trash talking is extremely entertaining and will be warranted for every second your name appears at the top of the list. No one likes to lose, but when you're the best, it's pretty hard to question your skills when the results are available for the world to see.

To see the current rankings or to sign up for the ladder go to www.slitherine.com/ladder/

"Legion Arena" is now available at Gamestop and Best Buy for a suggested retail price of $39.99. "Legion Arena" is rated "M" for Mature by the ESRB.

About Legion Arena

"Legion Arena" is a role playing strategy game created on a massive scale, providing gamers with more than just the pure taste of battle. Set during the period of the Roman Republic, players take command of a band of simple peasant warriors, and train them into a formidable fighting force. With each victorious battle, gamers can reap the rewards of fame, fortune, and experience, along with the opportunity to "level up" their units. Troops will learn hundreds of new skills through their field experience, and will progressively upgrade their abilities with each new combat situation they face. Gamers can play as the Roman Empire and Celtic Clans through over a hundred scenarios, and must use carefully calculated strategies in an attempt to crush their enemies on the front line-fighting for the pride and glory of the battlefield!

For more information on "Legion Arena" please visit:

http://www.strategyfirst.com/en/games/LegionArena/

About Slitherine Software

Created on July 4, 2000 Slitherine Software UK Ltd. is an independent UK developer that has worked on games such as "T-Tex," "Desert Strike," "Red Alert," "Dune," "Dune Emperor," "Deus Ex," and "Urban Chaos" on platforms ranging from the Amiga, Lynx, SNES, PSX, GBC, and Dreamcast systems to the PC. Having recently launched the "Slitherine Strategies" brand, the company remains dedicated to bringing highly playable and approachable strategy games to the mass market. Slitherine Software is uniquely qualified to deliver exciting, quality games due to their vast experience in the industry and with the wider gaming community. Two of their founding members are also world champions in tabletop wargaming, giving them incomparable insight into the workings of strategy games. "Legion," Slitherine's first game, has sold over 150 thousand copies worldwide and is still selling thousands every month. www.slitherine.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 "S.C.S - Dangerous WatersTM" 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 .

About Silverstar Holdings

Silverstar Holdings Ltd. is a publicly traded company, focusing on acquiring controlling positions in high growth fee-based electronic game businesses that stand to benefit from the economies of scale generated by 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

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:

Jessica Hawker

Marketing Coordinator

Strategy First Inc.

jhawker@strategyfirst.com

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