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Nutrien Announces Intention to Renew Share Repurchase Program


Nutrien Ltd. (Nutrien) today announced that its Board of Directors
approved the purchase of up to five percent of Nutrien's outstanding
common shares over a one-year period through a normal course issuer bid
(NCIB). Any purchases will commence following the expiration of our
current NCIB on February 22, 2019, and will be subject to acceptance by
the Toronto Stock Exchange of our notice to renew our NCIB.

"Nutrien's strong balance sheet and cash flow provide a significant
opportunity to enhance shareholder value. We repurchased seven percent
of our outstanding shares over the past twelve months and today's
announcement reflects our ability to continue to return meaningful cash
to shareholders," commented Chuck Magro, Nutrien's President and CEO.

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 over 26 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.

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,
including, but not limited to acceptance by the Toronto Stock Exchange
of our notice to renew our NCIB.

Forward‐looking statements in this press release are based on certain
key expectations and assumptions made by Nutrien, including expectations
and assumptions concerning: Nutrien's views with respect to its
financial condition and prospects, the stability of general economic and
market conditions, currency exchange rates and interest rates, the
availability of cash for repurchases of common shares under the NCIB,
the existence of alternative uses for Nutrien's cash resources and
compliance with applicable laws and regulations pertaining to an NCIB.
Although Nutrien believes that the expectations and assumptions on which
such forward‐looking statements are based are reasonable, undue reliance
should not be placed on the forward‐looking statements because Nutrien
can give no assurance that they will prove to be correct.

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.

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
U.S. federal securities laws or applicable Canadian securities
legislation or applicable U.S. federal securities laws.

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