Mr. Ken Seitz reports

NUTRIEN ANNOUNCES AGREEMENT FOR SALE OF EQUITY POSITION IN PROFERTIL S.A.

Nutrien Ltd. has entered into an agreement to sell its 50-per-cent equity position in Argentina-based nitrogen producer Profertil SA to Adecoagro SA and Asociacion de Cooperativas Argentinas Coop Ltda. through a joint acquisition. The purchase price for Nutrien's shares in Profertil is expected to be approximately $600-million (U.S.) on a pretax basis.

"The agreement to sell our equity stake in Profertil advances our strategy to focus on assets and geographies that are core to our long-term vision," commented Ken Seitz, Nutrien's president and chief executive officer. "We intend to allocate the sale proceeds to initiatives consistent with our capital allocation priorities, including targeted growth investments, share repurchases and debt reduction. We believe these initiatives will enhance the quality of Nutrien's earnings and support long-term growth in free cash flow."

The transaction is subject to customary closing conditions and is expected to be completed before the end of 2025. Under the Profertil shareholder agreement, the remaining 50-per-cent equity owner holds a 90-day right of first refusal to purchase Nutrien's equity on the same terms and conditions.

BofA Securities is acting as financial adviser to Nutrien.

The proportionate share of Profertil earnings recorded in Nutrien's Nitrogen operating segment totalled approximately $60-million (U.S.) over the previous four quarters.

About Nutrien Ltd.

Nutrien is a leading global provider of crop inputs and services. The company operates a world-class network of production, distribution and ag retail facilities that positions the company to efficiently serve the needs of growers. The company 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 the company's goals.

We seek Safe Harbor.