Xerox Names Creo Software Partner of the Year.

Business Editors/High-Tech Writers

ON DEMAND 2004

Booth #2647

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 8, 2004

Creo Inc. (NASDAQ:CREO) (TSX:CRE) is pleased to announce that the company has been honored by Xerox Corporation (NYSE:XRX) with the title of Software Partner of the Year. Creo was acknowledged for its outstanding partnership and business success in 2003 by Xerox. The announcement was made at the annual Xerox Business Partner Conference, held February 23-25 in Rochester, N.Y.

Creo develops the Spire(TM) color servers that optimize the performance of Xerox's DocuColor digital color presses, including the DocuColor(R) iGen3 digital production press. The highly flexible Spire color server provides enhanced image and color quality, high-caliber print quality tools, and variable information printing capabilities for the Xerox DocuColor presses.

Creo and Xerox have also entered into an agreement under which Creo will resell Xerox's mid-range and entry-level production color digital presses in the United States and Canada.

"We are very pleased that Xerox has recognized our contribution to its success," said Ronen Cohen, Creo corporate vice president, Print On-Demand Group. "The relationship our companies enjoy is based not only on excellent products. We also cooperate in workflow development to create new ways for our customers to be successful. We are also introducing our offset printing customers to the opportunities that digital printing offers."

"Creo and its print on-demand teams deserve to be recognized for their dedication to creating effective solutions that drive Xerox's DocuColor digital presses," said Mike Kucharski, vice president and general manager, Xerox Workflow Business Team. "They provide a unique value through the full array of Creo solutions and we value their partnership."

See Creo and its print on-demand solutions at booth #2647 at the On Demand Expo at the Javits Center, New York, from March 8-10, 2004.

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, and color servers for 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.

(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 subject to change without notice.

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 Information Regarding Forward-looking Statements" 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.