Creo Holds Annual Meeting of Creo Shareholders.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 19, 2004

Creo Inc. (NASDAQ:CREO)(TSX:CRE) announced that its shareholders have approved the statutory and special business at yesterday's annual general and special meeting of shareholders held in Vancouver, BC. Creo shareholders ratified resolutions to amend the Articles of Incorporation to increase the maximum size of the Board of Directors to 12, to appoint KPMG LLP as Creo's auditor for the ensuing year and to adopt an employee equity award plan. Shareholders also approved the appointment of ten nominated board members, including new appointees, Steve Gordon and Jean-Francois Heitz. During the annual meeting, the company withdrew the resolution to approve an employee stock purchase plan due to low shareholder support.

Mr. Heitz was the deputy chief financial officer of Microsoft Corporation from 2000 until 2003. From 1998 until 2000, he was treasurer of Microsoft Corporation. Prior to that, Mr. Heitz was assistant treasurer, and held various managerial and finance positions in Microsoft France and Microsoft Southern Europe. Mr. Heitz graduated magna cum laude from the Ecole Nationale Superieure des Mines de Paris, Master of Science, Stanford University and the Corporate Finance Management Program, Harvard University.

Mr. Gordon is the chief operating officer of Casey Family Programs, a private operating foundation focused on the needs of children in foster care. From March 2001 to September 2001, Mr. Gordon was COO of Wavelink Corporation, a privately held developer of enterprise level wireless connectivity software. Prior to Wavelink he was the senior vice president, finance & administration and CFO of Visio Corporation, a leading developer of drawing and diagramming software for business users. Mr. Gordon has a Bachelor of Arts degree from Washington State University in business administration, with a major in accounting. He was licensed by the State of Washington as a certified public accountant in 1983 and is currently a member of the Financial Executives Institute.

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 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, color servers and high-speed digital printers.

Based in Vancouver, Canada, Creo employs more than 4,000 people and reported fiscal 2003 revenue of US$578 million. Creo trades on NASDAQ (CREO) and the TSX (CRE). www.creo.com.

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 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 which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this news release.