Mr. Jeff Holzman reports

NUTRIEN DECLARES QUARTERLY DIVIDEND OF US$0.53 PER SHARE

Nutrien Ltd.'s board of directors has declared a quarterly dividend of 53 U.S. cents per share payable on July 14, 2023, to shareholders of record on June 30, 2023.

Registered shareholders who are residents of Canada as reflected in Nutrien's shareholders register, as well as beneficial holders (that is, shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their dividend in Canadian dollars, calculated based on the Bank of Canada daily average exchange rate on June 30, 2023. Registered shareholders resident outside of Canada as reflected in Nutrien's shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in the Depository Trust Company or its nominee, Cede & Co., will receive their dividend in U.S. dollars. However, registered shareholders of Nutrien may elect to change the currency of their dividend payments to U.S. dollars or Canadian dollars, as applicable. In addition, Nutrien offers registered shareholders direct deposit by electronic funds transfer for dividend payments.

Registered shareholders may elect to change the currency of their dividend and enroll for direct deposit by contacting Nutrien's registrar and transfer agent, Computershare Investor Services Inc., directly (1-800-564-6253 or service@computershare.com). Beneficial shareholders should contact their broker or other intermediary to determine the ability and necessary steps involved in an election to change the currency of their dividend payment.

All dividends paid by Nutrien are, pursuant to Subsection 89(14) of the Income Tax Act (Canada), designated as eligible dividends.

About Nutrien Ltd.

Nutrien is the world's largest provider of crop inputs and services, helping to safely and sustainably feed a growing world. It operates a world-class network of production, distribution and retail facilities that position it to efficiently serve the needs of growers. It focuses on creating long-term value for all stakeholders by advancing its key environmental, social and governance priorities.