Animal Paradise 2

London, UK, 19th June 2008 – Empire Interactive, a wholly owned subsidiary of Silverstar Holdings (NASDAQ: SSTR), today announced that Animal Paradise 2, the follow up to the massively successful Animal Paradise DS, is currently under development for the Nintendo DS. Animal Paradise 2 will follow in the footsteps of its predecessor bringing a new level of exciting pet simulation fun to fans and newcomers to the series. Animal Paradise 2 will be published worldwide in the second quarter of 2009.

“Given the massive success of Animal Paradise in Europe and our recent announcement that we will be publishing Animal Paradise in the US, we’re very excited to be bringing Animal Paradise 2 to DS gamers across Europe.” said James Spice, Vice President of Marketing at Empire Interactive. “Animal Paradise 2 will build on the historical success of the franchise, featuring more animals, more interactivity and more fun than ever before.”

Clive Kabatznik, CEO of Silverstar Holdings commented, "We are looking forward to extending the franchise with Animal Paradise 2 for the Nintendo DS. The original title proved hugely popular in Europe and we have plans to continue this success globally, and grow the Animal Paradise brand.”

Animal Paradise 2 will feature an even greater variety of animals and a completely new game structure; here the emphasis is on developing and managing your burgeoning park and animals, with the aim of creating the greatest Animal Park in the world! A new task a reward system will see players unlocking new animals and areas, plus all new mini-games. Also set for inclusion is an encyclopaedia of animals the player has befriended, giving detailed information about each of the animals and their natural habitats. The game is due for release in the second quarter of 2009.

For more information about Animal Paradise 2 for Nintendo DS please contact:

David Bancroft

Empire Interactive

+44 (0)20 8343 7337

david.bancroft@empire.co.uk

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. as well as a stake in Magnolia Broadband.

Strategy First Inc. is a leading developer and worldwide publisher of entertainment software for the PC. Magnolia Broadband is a fabless semiconductor company and innovator of radio frequency (RF) solutions for the cellular industry.