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Creo Comments on Canadian Award

Press release from the issuing company

VANCOUVER, BC, CANADA -- June 20, 2003 -- Creo is honored to have been selected as 'Company of the Year' by the BC Technology Industries Association. The award is presented each year to a high tech company that demonstrates superior business development, leadership and vision. "We're very pleased with the recognition from the technology industry for our great company," said Judi Hess, Creo president. "The Creo team is devoted to providing our customers with exemplary attention every day." Creo is an advanced manufacturing company that produces imaging and software technology for the prepress segment of the printing industry. Creo is also active in digital printing and the creative desktop market, and also applies patented technology to other industries. Creo has nearly 700 patents (issued and pending). Founded 20 years ago by Dan Gelbart and Ken Spencer, today Creo employs more than 4,000 people, about 1,200 in the Vancouver area, where many of its 300 products are manufactured. Creo reported revenue of US$539.9 million in 2002. Creo maintains a distinct working culture where strong values and solid management philosophies support the goal of providing innovative solutions to help make its 25,000 customers successful. Creo supports the community by matching employee donations to registered charities, and by providing scholarships and grants for innovative research projects. Creo has been honored as one of the 50 best ethical stocks for Canadians, one of Canada's top employers, and for outstanding achievement in export excellence, technology innovation, business excellence and entrepreneurship. Previous BCTIA Company of the Year award winners include Crystal Decisions, MacDonald Dettwiler & Associates, and Pivotal Corporation.