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Brigade E5: New Jagged Union Goes Gold

For Immediate Release!

Montreal, Canada, September 28th, 2006 -- Software publisher Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq: SSTR), is pleased to announce that the PC game "Brigade E5: New Jagged Union," developed by Apeiron Co, has officially gone gold. "Brigade E5: New Jagged Union" is due to hit stores in North America October, 2006.

"'Brigade E5: New Jagged Union' offers our players a fresh view of a classical turn-based combat system. The Smart Pause Mode (SPM®) blends together advantages of both turn-based and real-time and lets the player experience realistic tactical combats in real-time but still have the comfort feeling of turn-based." says Dmitry Ivashkin, lead Programmer for Apeiron Co. "In addition to the innovative game mechanics, players enjoy a rich arsenal of firearms, ammunition, advanced AI and an incredible variety of tactical solutions in single and multiplayer modes", continues Dmitry Ivashkin.

"I am proud to announce the launch of 'Brigade E5: New Jagged Union' to North America. We have seen a lack of tactical strategy games in this market; it feels great to revitalize this category. The mercenaries in Palinero are officially ready for hire", says Brock Beaubien, Strategy First's Producer.

About Brigade E 5: New Jagged Union

"Brigade E5: New Jagged Union" is set in the fictional, small tropical country of Palinero. Players are required to assemble a band of mercenaries and take control of a rapidly deteriorating situation in order to survive the imminent civil war and avoid having their country left in complete ruins.

As a tactical strategy title, "Brigade E5: New Jagged Union" offers players the opportunity to experience three different viewpoints of the conflict, or work outside the political structure to achieve their own goals towards global domination. Game play for the title is based on an innovative combat system called SPM (Smart Pause Mode) that successfully blends together the elements of both real-time and turn-based games.

Features:

Innovative combat system called "Smart Pause Mode" that blends together the elements of both RTS and TBS games. Storyline and scripts of the game are written by Shaun Lyng, co-designer in the famous 'Jagged Alliance' series. More than 100 accurately modeled firearms. Varied ammunition types: grenades, body armor and specialized equipment. Option to upgrade and modify weapons by adding various gadgets, sniper scopes, bayonets, mini grenade launchers, etc. Selection of specially balanced maps for Death match (up to 4 players, up to 6 players per party) Provides extensive LAN and Internet Multiplayer modes, with CTF, Death match and Fortress dynamic gameplay.

"Brigade E5: New Jagged Union" is due to be released in October, 2006. The game is rated M for Mature by ESRB.

For more information on "Brigade E5: New Jagged Union" please visit: http://www.strategyfirst.com/en/games/BrigadeE5/

About Apeiron Co.

Apeiron Co. is a PC game developer based in Saint-Petersburg, Russia. Founded in 2002 by a group of enthusiasts, the company has been growing rapidly and now consists of more than 20 highly skilled professionals. The company specializes in development of squad-based tactical games and maintains partnership with 1C company, a leading Russian and European game publisher. http://www.apeiron-games.ru/.

About 1C Company

1C Company specializes in distribution, publishing and development of interactive entertainment products and business software. Founded in 1991, 1C has become the leading Russian company publishing and distributing computer games in the former USSR. 1C Company is widely acknowledged as a game developer and has several internal studios. Internal developments of 1C include IL-2 Sturmovik, IL-2 Sturmovik: Forgotten Battles, Aces Expansion Pack and Pacific Fighters. 1C Company works as a publisher and producer with over 20 leading Russian independent development studios and has produced over 50 projects for PC and consoles. http://int.games.1c.ru/

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 Inc

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, Jagged Alliance and Space Empires series of games, which are 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", and "Galactic Civilizations." Recent offerings include top releases such as "S.C.S. - Dangerous Waters" and "Space Empires V." The Company provides 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.

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