Mr. Jeff Holzman reports

NUTRIEN PRICES OFFERING OF AN AGGREGATE OF US$1.0 BILLION OF 2-YEAR AND 7-YEAR SENIOR NOTES

Nutrien Ltd. has priced $400-million (U.S.) aggregate principal amount of 4.500 per cent senior notes due March 12, 2027, and $600-million (U.S.) aggregate principal amount of 5.250 per cent senior notes due March 12, 2032. The offering is expected to close on or about March 13, 2025, subject to customary closing conditions.

Nutrien intends to use the net proceeds from this offering to repay its $500-million (U.S.) aggregate principal amount of 3.000 per cent senior notes upon their maturity on April 1, 2025, and its $500-million (U.S.) aggregate principal amount of 5.950 per cent senior notes upon their maturity on Nov. 7, 2025, pending which such proceeds may be used to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital and for general corporate purposes. The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt. The joint book-running managers for the offering are Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc. and TD Securities (USA) LLC.

The offering will be made by way of a prospectus supplement dated March 11, 2025, to Nutrien's short form base shelf prospectus dated March 22, 2024, filed with the securities regulatory authorities in each of the provinces of Canada, which forms a part of and is included in Nutrien's registration statement on Form F-10, filed in the United States with the Securities and Exchange Commission (the SEC) under the multijurisdictional disclosure system in Canada and the United States. The senior notes will not be offered in Canada or to any resident of Canada. A final prospectus supplement in respect of the offering of the senior notes will be filed with the same regulatory authorities in Canada and the SEC.

About Nutrien Ltd.

Nutrien is a leading global provider of crop inputs and services. It operates a world-class network of production, distribution and ag retail facilities that position it to efficiently serve the needs of growers. It focuses on creating long-term value by prioritizing investments that strengthen the advantages of its business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve its goals.

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