VANCOUVER, British Columbia--Feb. 20, 2003--Creo announced that its shareholders have approved all statutory and special business at yesterday's annual general and special meeting of shareholders held in Vancouver, BC. Creo shareholders ratified the company's shareholder rights plan, an amendment to the articles of incorporation, and new bylaws for the company. Shareholders also approved the appointment of nine nominated board members, including a new appointee, John McFarlane. Mr. McFarlane, former president and CEO of Nexsi Systems, has over 20 years of global experience in the high technology industry in Canada, the United States, and Europe. He also served in executive positions with Sun Microsystems, Northern Telecom and Bell Northern Research. Mr. McFarlane is a director of Pitney Bowes Inc., and Resonate Inc., an Internet service management software company. As disclosed in the company's Management Information Circular for yesterday's meeting, the Creo leadership team, board of directors and employees are committed to maintain high standards of corporate governance. Creo conforms with all corporate governance requirements of the Toronto Stock Exchange and the NASDAQ Stock Market. As a result, Creo has adopted a formal code of conduct which sets a high standard for ethical behavior by directors, officers and employees throughout the company. It incorporates guiding principles such as legal compliance, confidentiality, integrity and individual responsibility, and provides for accountability if employees fail to meet the code's standards. More information on the corporate governance practices of Creo can be found at http://www.creo.com/governance.