FlatOut Ultimate Carnage

LONDON, 20th June 2008 – Empire Interactive, a wholly owned subsidiary of Silverstar holdings (NASDAQ: SSTR), today announced the release date for the multi-million selling arcade racer FlatOut Ultimate Carnage on Games for Windows® as 11th July 2008.

Empire Interactive has also announced that FlatOut Ultimate Carnage will be compatible with the Microsoft Xbox 360® Controller for Windows®.

“Ultimate Carnage looks stunning on Games for Windows. Bugbear have done an outstanding job on delivering possibly the most fun, most brutal, action crash-em-up ever seen on a Windows-based PC.” Sean Walsh, Product Manager at Empire Interactive, commented, “Ultimate Carnage is set raise the bar for hi-octane destruction racing for the Windows platform.”

FlatOut Ultimate Carnage blurs the line between arcade and simulation, offering gamers a “Deathproof” experience in which more than 8,000 persistent objects per track will throw your car off-course and into last place. With an average of 20,000 polygons per car, expect bodywork to get mashed up quickly. There are eight full offline game modes including Career Race, Time Trial, Carnage Race, Beat The Bomb, Last Man Standing, Deathmatch Derby, Multiplayer Party Mode, and the favourite Ragdoll Mini Games.

FlatOut Ultimate Carnage fully embraces Games for Windows — LIVE® ® functionality, offering a wide variety of online modes, including the Head On mode, where racers have to get to the end of the track, turn around and avoid their oncoming opponents on the return leg!

All media assets are available to download from: www.naked-ape.co.uk/press/Empire_Interactive.

Genre: Arcade Destruction Racing

Release Date: 11th July

Publisher: Empire Interactive

SRP: £24.99

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For any further requests please contact:

Jools Moore

Naked Ape Public Relations

jools@naked-ape.co.uk

0771 773 4606

About Empire Interactive:

Empire Interactive is a leading publisher of interactive entertainment software that has been established for 19 years. Headquartered in the UK, Empire Interactive also has offices in the US, Germany, France, Spain and Italy. The company develops and publishes a varied range of titles for all current platforms in the US, Europe and Asia. Games such as Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut have all enjoyed success across the world. Its budget label, Xplosiv, is one of the fastest growing in Europe. Further information about Empire Interactive and its products can be found at www.empireinteractive.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., a leading development and worldwide publisher of entertainment software for the PC.

About Bugbear Entertainment:

Bugbear Entertainment Ltd. is an award-winning Finnish game developer of action driving games. The company’s worldwide blockbuster hit is the FlatOut franchise with over 2 million units sold. The company's other past games include Rally Trophy (PC, 2001), Tough Trucks (PC, 2003) and Glimmerati (N-Gage, 2005). In year 2007 Bugbear released the highly acclaimed FlatOut Ultimate Carnage for Xbox 360 and Sega Rally for PlayStation Portable. The company is currently working on FlatOut Ultimate Carnage for PC and other unannounced projects. For more information please visit www.bugbeargames.com

Games for Windows, Games for Windows — LIVE and Xbox 360 are trademarks of the Microsoft group of companies.