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Creo Named One of Canada's Top Employers

Press release from the issuing company

VANCOUVER, B.C.--Dec. 20, 2001--Creo Products has been named one of the nation's top employers in the 2002 edition of Canada's Top 100 Employers. The company was selected from 42,000 companies and organizations considered for the honor. Creo is the first high tech company based in British Columbia to achieve C$1 billion in annual sales. "There's a wonderful company in British Columbia that's changing not only the printing industry, but also the conventional wisdom about how employees should be treated in a large-scale manufacturing-based company,'' writes Richard Yerema, author of Canada's Top 100 Employers. Creo was highlighted for its unique workplace where employees are self-managed, trusted and empowered. Every employee, including the executive team, receives constructive feedback on his or her contribution through the annual 360-degree review process. This also helps determine the allocation of stock options to all employees and any changes in compensation. A commitment to open communication ensures employees make decisions based on sound economics for thelong-term success of the company. "Our working culture is unique. We focus on ensuring people understand our core principles, values and beliefs and aligning actions and behavior with them,'' explains Darcy O'Grady, Corporate Vice President, Human Resources. "This includes a strong belief in self management, consensus, economic decision making, open communication, meeting commitments, constructive expression of ideas, tolerance of mistakes and respect for people. We believe in hiring very smart people who are aligned with our principles and then empowering them to develop their full potential.'' Companies were evaluated based on growth, stimulating physical workplace; open communication, providing feedback on performance, employment benefits, and the ability to attract and retain people.