LEGION ARENA SHIPS

For Immediate Release

Montreal, Canada. December 21, 2005. Software publisher Strategy First, Inc. a wholly owned subsidiary of Silverstar Holdings, Ltd. (NASDAQ: SSTR), and Slitherine Software are thrilled to announce that their highly anticipated strategy game, "Legion Arena," has shipped and is now available in stores nationwide.

"We're very happy to announce that "Legion Arena" has shipped," said Jay Podilchuk, Executive Producer at Strategy First. ""Legion Arena" gives gamers the chance to field the world's bravest soldiers who risk it all for fame, glory and the good of the empire and still make it home for dinner!"

"We are really excited that the game is set to release across North America," said Iain McNeil, Lead Designer at Slitherine Software. "We think that players will enjoy the unique mix of Role-Play, Tactics and Strategy, and the ability to beat up their friends from all around the World in Multi Player Mode."

Revisit one of the most historic eras of all time with "Legion Arena." Command, defend and expand the Roman Empire from Hannibal's invasion to the rise of Julius Caesar.

Once Rome begins its ascent towards supremacy, take on the role of the Celts. Experience first-hand their battles with Caesar, their failed attempt to invade Greece and desperate attempts to defend Britain...

Fame, fortune and glory in that order are the keys to victory in "Legion Arena."

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

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 Waters^TM" 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