Mr. Ken Seitz reports

NUTRIEN ANNOUNCES POTASH PRODUCTION CURTAILMENTS DUE TO PORT OF VANCOUVER STRIKE

Nutrien Ltd. has curtailed production at its Cory potash mine due to the loss of export capacity through Canpotex's Neptune terminal as a result of the International Longshore and Warehouse Union (ILWU) Canada strike at the Port of Vancouver.

Nutrien expects full-year 2023 potash adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated. The company will provide updated full-year 2023 guidance reflecting these impacts at the time of its second quarter results on Wednesday, Aug. 2, 2023.

"The disruption at the Port of Vancouver has resulted in the curtailment of production at our Cory potash mine and if prolonged could also impact production at our other potash mines in Saskatchewan. We urge the parties in this dispute to come to a swift resolution to prevent further damage to the Canadian economy," said Ken Seitz, Nutrien's president and chief executive officer.

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.

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