Nutrien Comments on Speculation Regarding Ruralco

SASKATOON, Saskatchewan–(BUSINESS WIRE)–Nutrien Ltd. (TSX and NYSE: NTR) (Nutrien) notes speculation about
potential corporate activity between Ruralco Holdings Limited (ASX: RHL)
(Ruralco) and Nutrien following the recent trading halt of Ruralco
securities on the Australian Stock Exchange.

Nutrien confirms that its Landmark business is engaged in discussions
with Ruralco regarding a potential transaction.

No decision has been made as to whether to proceed with the transaction,
no agreement has been reached, and there can be no assurance that any
transaction will result from these discussions. Any potential
transaction would be subject to the parties negotiating and entering
into a definitive agreement and satisfying its conditions.

Nutrien will not comment further, or in any detail with respect to any
potential transaction.

About Nutrien

Nutrien is the world’s largest provider of crop inputs and services,
playing a critical role in helping growers increase food production in a
sustainable manner. We produce and distribute 27 million tonnes of
potash, nitrogen and phosphate products world-wide. With this capability
and our leading agriculture retail network, we are well positioned to
supply the needs of our customers. We operate with a long-term view and
are committed to working with our stakeholders as we address our
economic, environmental and social priorities. The scale and diversity
of our integrated portfolio provides a stable earnings base, multiple
avenues for growth and the opportunity to return capital to shareholders.

About Landmark

Landmark has been part of rural Australia and its agricultural industry
for more than 150 years and has a strong track record of investment,
which has increased since its acquisition by Nutrien. Landmark provides
solutions to farmers through a national network that services 100,000
clients in over 200 locations. Landmark’s team of experts are committed
to a core mission of adding profitably and sustainability to the
Australian farmer. Landmark operates across merchandise, proprietary
products, livestock, wool, real estate, insurance, finance and

Forward-Looking Statements

Certain statements and other information included in this press
release constitute “forward-looking information” or “forward-looking
statements” (collectively, “forward-looking statements”) under
applicable securities laws (such statements are usually accompanied by
words such as “anticipate”, “expect”, “believe”, “may”, “will”,
“should”, “estimate”, “intend” or other similar words). All statements
in this press release, other than those relating to historical
information or current conditions, are forward-looking statements.

Forward-looking statements are subject to various risks and
uncertainties which could cause actual results and experience to differ
materially from the anticipated results or expectations expressed in
this press release. The key risks and uncertainties include, but are not
limited to: Nutrien’s future capital requirements; market and general
economic conditions; demand for Nutrien’s products; and unforeseen legal
or regulatory developments and other risk factors detailed from time to
time in Nutrien reports filed with the Canadian securities regulatory
authorities and the United States Securities and Exchange Commission.

In addition, as noted above, no agreement with respect of a potential
transaction between Nutrien and Ruralco has been finalized and there can
be no assurances that any transaction will be agreed to.

Nutrien disclaims any intention or obligation to update or revise any
forward-looking statements in this press release as a result of new
information or future events, except as may be required under applicable


Investor and Media Relations:
Richard Downey
President, Investor & Corporate Relations
(403) 225-7357

Investor Relations:
Jeff Holzman
Senior Director,
Investor Relations
(306) 933-8545

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