By Fain Hughes, fhughes@knobias.com

Silverstar Holdings, Ltd. (SSTR) announced that the offer by its wholly owned UK subsidiary, Silverstar Acquisitions plc, to acquire all of the shares of Empire Interactive plc has been declared wholly unconditional. Silverstar Acquisitions has received valid acceptances of the offer in respect to 85% of Empire's outstanding shares.

Under the terms of the United Kingdom Takeover Code, Silverstar Acquisitions' offer will remain open, subject to 14 days notice of closure, during which time the remaining Empire shareholders can tender their stock pursuant to the terms of the offer. Silverstar Acquisitions intends to effect the cancellation of Empire's listing on AIM. It is anticipated that this delisting will take place on but not before December 20, 2006. Payment in respect of the acceptances of the offer already received will be made on or before December 5, 2006.