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Nutrien Announces Acquisition of Van Horn


Nutrien Ltd. (Nutrien) announced today that it has completed the
acquisition of Van Horn, Inc. (Van Horn), a leading US retailer and
agricultural services provider located in central Illinois. The company
has worked with local growers for more than 80 years and currently
operates eleven retail facilities, which serve over 5,000 customers in
18 counties. In its 2018 report, CropLife ranked Van Horn as the 42nd
largest US agricultural retailer.

"Van Horn has built a strong ag retail business, with a track record of
providing high value products and service for growers in Illinois. This
acquisition is an attractive addition to Nutrien Ag Solutions' retail
network and we look forward to building on Van Horn's relationships with
their customers. We are seeing an acceleration of consolidation within
the ag retail industry and this acquisition aligns with our strategy to
grow our Retail business through highly accretive acquisitions,"
commented Mike Frank, Nutrien's Executive Vice President and CEO of

"We are very excited to join Nutrien Ag Solutions and look forward to
fully utilizing the expanded platform of products, services and
technologies that this transaction will enable us to provide in
supporting our farmer customers. We also see this as a great opportunity
for our employees to benefit from the expanded scale and growth
opportunities that will come along with joining an industry leader in Ag
Retail," commented Dan Mogged, President and CEO of Van Horn.

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.

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: expected benefits of the acquisition,
including expected impact on earnings, run-rate EBITDA, synergies,
growth opportunities and expansion, as well as the timing of the
foregoing; future allocation of capital; timing for the completion of
the acquisition; and the ability to satisfy the conditions to, and
complete, the acquisition. Forward-looking statements in this press
release are based on certain key expectations and assumptions made by
Nutrien, some of which are outside of Nutrien's control. 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. Additional
assumptions that have been made include, among other things, assumptions
with respect to Nutrien's ability to successfully integrate and realize
the anticipated benefits of the acquisition; that Nutrien will be able
to implement its standards, controls, procedures and policies at the
acquired business to realize expected synergies; that future business,
regulatory and industry conditions will be within the parameters
expected by Nutrien, and assumptions with respect to global economic

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, including the ability to obtain, and obtain in a
timely manner, the required regulatory approval, the ability to
otherwise satisfy the conditions to the acquisition, the failure to
successfully integrate and realize expected synergies associated with
the acquisition, general global economic, market and business
conditions, and other risk factors detailed from time to time in Nutrien
reports filed with Canadian securities regulators and the Securities and
Exchange Commission in the United States, including those disclosed in
Nutrien's business acquisition report dated February 20, 2018.

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
US federal securities laws or applicable Canadian securities legislation.

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