Strategy First Signs Great Invasions!

For Immediate Release





Montreal, Canada, June 5, 2006. Developer Nobilis and Software Publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), are pleased to announce the signing of the turn base strategy game titled "Great Invasions".

"Great Invasions has been designed and developed in collaboration with historians and as a result, it is ripe with historically accurate gameplay. Its rare blend of richness and depth make it a truly addictive game! We are honored that Great Invasions is distributed by Strategy First, a publisher that specializes in strategy games." said Arnaud BLACHER, Managing Director of Nobilis Group."

"Great Invasions is a Grand Strategy that is developed by the master of Grand Strategy games." Pro Sotos, Manager of Business Development for Strategy First Inc. said "With the Dark Ages providing a unique backdrop to the game and over 700 years of history to rewrite, Great Invasions will surely provide an exceptional challenge for strategy gamers."

About Great Invasions

Great Invasions is an extremely elaborate real-time strategy game covering over 700 years of history. It plunges you into the Dark Age of Europe, a time where barbarian tribes and nation states quarreled, warred and conquered each other. Great Invasions allows you to lead armies in the epic conquest of Europe and to use force or diplomacy in the pursuit to establish dominance. This historically accurate recreation allows gamers to live the greatest moments of this time, with the options of over 150 nations/tribes, over 30 religions and heresies, and thousands of historical characters drawn from the pages of world's richest historical sources.

Features:

* 150 historical events and over 3,700 key figures based on pure historical facts designed in collaboration with historians
* Manage the financial, diplomatic, religious and military needs of a nation.
* Control conflicts between borders, and run population migrations and heresies.
* Confront the fall of kingdoms and empires facing barbarian attacks.
* Manage up to 10 populations simultaneously, selecting them via a bidding system with over 80 different nations.
* Multiplayer mode supporting up to 4 players via LAN and internet.

For more information on Great Invasions please visit: http://www.strategyfirst.com/en/games/GreatInvasions/

For more great games please visit www.strategyfirst.com

About Nobilis
Nobilis Group, founded in Lyons in 2001, specializes in the publication and distribution of video games and video game accessories. Nobilis produces multi-platform games for PC, XboxTM, PlayStation®2, PSPTM, GameCubeTM, Nintendo DSTM and Game Boy®Advance. Nobilis has distribution subsidiaries in France (Nobilis France in Lyons), Spain, Portugal (Nobilis Iberica in Madrid), Belgium, Holland and Luxembourg (Nobilis Benelux). Some of the most prominent partners that feature in Nobilis' catalogue are Agetec, Aspyr, Buka, Capcom, Cenega, Davilex, Enlight Software, Focus, Frogwares, GMX Media, IA Vision, Ignition, JoWood, Lago, Midway, Monte Cristo, LightHouse and Ubisoft. Nobilis' own games include The Secrets of Da Vinci, Atlantis V, Mountain Bike Adrenaline featuring Salomon, and Moto Racer 3 Gold Edition. Nobilis France is the world's second representative of Radica accessory and Gamester brand. www.nobilis-france.com

About Strategy First
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 and Jagged Alliance series of games, which are both 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", "Europa Universalis", and "Galactic Civilizations." Recent offerings include top releases such as "S.C.S. - Dangerous Waters" and "Disney's Aladdin Chess Adventures." 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 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:
Jasmine Goyer
Public Relation Coordinator
Strategy First Inc.
jgoyer@strategyfirst.com
514.844.3040 ext.240