Creo Board Calls Requisitioned Meeting for February 10, 2005.

VANCOUVER, British Columbia -- Creo Inc. (NASDAQ:CREO) (TSX:CRE) today announced that the Creo Board has called an annual and special meeting of shareholders for February 10, 2005 in response to the requisition sent to the company by shareholders holding approximately 5.96 percent of the outstanding shares of Creo.

The decision to cancel the previously called annual and special meeting and call the new meeting to be held on February 10, 2005, which combines the matters originally scheduled to be addressed at the previously called meeting with those matters proposed by the requisitioning shareholders, is based upon the recommendation of a Special Committee of the Creo Board. The Special Committee is composed exclusively of directors independent from Creo management.

In a letter sent to the requisitioning shareholders, the Creo Board wrote, "In our judgment, the best interests of all Creo shareholders are most effectively advanced by combining the business of the originally scheduled meeting and the business stated in the requisition in a single shareholders' meeting on February 10, 2005. As Creo announced on October 15, 2004, the Creo Board has established the Special Committee to evaluate the strategic alternatives available to Creo with the objective of enhancing shareholder value. This evaluation process, which is designed to identify the best way to enhance shareholder value, is expected to be completed during January 2005.

We believe Creo's shareholders should have an adequate period of time prior to the shareholders' meeting to consider the outcome of the Special Committee's evaluation of strategic alternatives. Therefore, holding one shareholders' meeting on February 10, 2005 offers Creo shareholders a proper and orderly way of selecting directors and serves to protect their right to make a fully informed decision on the future direction of the company. In addition, the February 10, 2005 meeting date permits Creo shareholders to consider Creo's audited financial results for the fiscal year ended September 30, 2004 and unaudited financial statements for the quarter ended December 31, 2004."

Ken Spencer, director and chair of the Special Committee, stated, "In light of the common business purpose for the previously scheduled annual and special meeting and the requisitioned meeting, the Special Committee determined that a single shareholders' meeting for February 10, 2005 to consider each of the matters outlined in the requisition, as well as the formerly slated business, was appropriate and in the best interests of all Creo shareholders."

Dr. Spencer concluded, "The Creo Board remains fully committed to responsibly overseeing the management of the company in the best interests of all Creo shareholders and to permitting the shareholders to make decisions about the future of Creo in an orderly manner, based on full and complete information."

The complete text of the letter from the Creo Board to the requisitioning shareholders can be accessed at www.creo.com/investors.

Creo will announce its 2004 fiscal year and fourth-quarter financial results on November 17, 2004 and its 2005 fiscal first-quarter financial results on February 3, 2005.

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

These risks and uncertainties include the following: (1) new markets and product introductions do not proceed as planned and may adversely affect future revenues; (2) technological changes or changes in the competitive environment may adversely affect the products, market share, revenues or margins of the business; and (3) changes in general economic, financial or business conditions may adversely affect the business or the markets in which it operates. These risks and uncertainties as well as other important risks and uncertainties are described under the caption "Certain Factors That May Affect Future Results" and elsewhere in our Annual Report for the fiscal year ended September 30, 2003, as filed with the U.S. Securities and Exchange Commission and other documents filed with the U.S. Securities and Exchange Commission, and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this news release.

(C) 2004 Creo Inc. The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice.

About Creo

Creo Inc. is a global company with key strengths in imaging and software technology. The leading provider of prepress systems, Creo helps over 25,000 customers worldwide adopt completely digital production methods which reduce costs, increase print quality and allow them to serve their customers more efficiently. Based on a solid foundation of intellectual property, Creo has an unmatched range of technology solutions that address the needs of commercial, publication, on demand, packaging, and newspaper printers, and creative professionals. Creo product lines include software and hardware for computer-to-plate imaging, systems for digital photography, scanning, and proofing, as well as printing plates and proofing media. Creo also supplies on-press imaging technology, components for digital presses, and color servers for high-speed digital printers.

Based in Vancouver, Canada, Creo trades on NASDAQ (CREO) and the TSX (CRE). www.creo.com