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Creo: Mark Dance New CFO, Judi Hess New President of Graphic Arts Division

Press release from the issuing company

VANCOUVER, BRITISH COLUMBIA--Feb. 4, 2002--Creo Products today announced the appointment of Mark Dance to Chief Financial Officer effective April 30, 2002. Mr. Dance retains his position as Chief Operating Officerand will continue to serve as a director of the company. Mr. Dance will replace Michael Graydon who will continue with the company in an advisory role working closely with Mr. Dance to ensure a smooth transition. Mr. Graydon is scaling back his responsibilities in order to pursue a greater balance in his family and work life. Mr. Dance joined Creo in 1994 and was appointed VP, Product Development in 1995. In 1998, he was appointed Chief Operating Officer of Creo, where he was responsible for operations during a period of strong growth for the company. After Creo acquired the digital prepress assets of Scitex Corporation Ltd., Mr. Dance was appointed President of the graphics arts division, where he led the integration of two strong teams into a coherent global organization. Prior to his career at Creo, Mr. Dance was a senior project engineer and later, Director of New Product Development for Andronic Devices Ltd., a developer of surgical and medical automation products. Mr. Dance holds a B.A.Sc. in mechanical engineering from the University of British Columbia and has been awarded a variety of U.S. and international technology patents. Effective immediately, Creo has appointed Judi Hess to fill the position of President, Graphic Arts. Ms. Hess has held the position of Corporate VP, Printing Workflow Solutions since April 2000. She originally joined Creo in 1995 as Program Manager and was appointed Director of Workflow Products in 1998. From 1981-1995, Ms. Hess worked with MacDonald Dettwiler and Associates (MDA), a Canadian high-technology commercial and defense contractor. Ms. Hess holds an Honors Bachelor of Mathematics degree from the University of Waterloo in Waterloo, Canada. "I'd like to thank Mike who has been instrumental in the integration and the leadership of the worldwide finance team, and we are happy to have his continued support,'' said Amos Michelson, chief executive officer of Creo. "Mark's leadership and operational expertise are great assets to Creo. In his new role, Mark will direct his efforts toward a tighter integration of our financial systems with the business operations, especially as we roll out our worldwide ERP system. At the same time, I am pleased to see Judi take on the role of President, Graphic Arts. Judi brings keen expertise in business strategy and product development, and I am extremely confident in her ability to contribute to Creo's future success.'' "This is a tremendous opportunity,'' said Mr. Dance. "Creo has all the right elements for success and profitability - strong leadership and culture, superior products and services, and a great team completely dedicated to delivering value to our customers. I look forward to the new challenges at Creo and to what we can accomplish in the future.''