The acquisition includes two breeding sites, located in Marion, Arkansas and Leland, Mississippi for future products to be sold in Nutrien Ag Solutions, Inc. (Nutrien Ag Solutions) retail locations.

LOVELAND, Colorado - Loveland Products, Inc. (Loveland Products), a subsidiary of Nutrien Ltd., has announced the acquisition of a soybean breeding program tailored for the Southern United States from BASF. The acquisition includes two breeding sites, located in Marion, Arkansas and Leland, Mississippi for future products to be sold in Nutrien Ag Solutions, Inc. (Nutrien Ag Solutions) retail locations.

Since 2012, Nutrien Ag Solutions has worked to serve the unique needs of Southern growers with Loveland Products' Dyna-Gro brand. With successful rice and cotton programs, Nutrien Ag Solutions is now adding soybeans to its in-house portfolio, aligning with the company's goal of being a comprehensive agricultural solutions provider.

Nutrien Ag Solutions remains steadfast in its commitment to empowering Southern growers with innovative solutions. The acquisition of this breeding program and the expansion into soybeans marks a significant step towards enhancing agricultural productivity and driving growth and prosperity for customers through expanded seed variety options. Additionally, it complements Nutrien Ag Solutions' rice and cotton programs, aiming to provide row crop growers with access to the latest agricultural technologies and innovative breeding programs.

"By expanding into soybeans, we're showing our commitment to providing solutions for our customers and investing in the future of row crop growers. We believe this move will help growers increase their crop yields and achieve better-quality products," said Spencer Harris, Senior Vice President of Global Retail Operations for Nutrien Ag Solutions.

By integrating innovative technologies, breeding and agronomy specific to soybeans, Nutrien Ag Solutions aims to provide whole acre solutions that enable soybean growers to realize the full potential of their crops.

"We are excited to welcome our new colleagues to the Nutrien family. Together, we can develop new high yielding products for sale in our Nutrien Ag Solutions retail locations that help soybean growers in the South sustainably achieve their goals," said Rob Dunlop, Vice President of North America Seed at Nutrien Ag Solutions.

Forward-looking statements

Certain statements in this release may constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable laws including our expectations for the soybean breeding program. Forward-looking statements in this release are based on certain key expectations and assumptions made by us, many of which are outside of our control. Although we believe 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 we 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 to differ materially from the anticipated results or expectations expressed in this release. For information on the assumptions made, and the risks and uncertainties that could cause actual results to differ from the anticipated results, refer to Nutrien Ltd.'s reports filed with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission.

The forward-looking statements in this news release are made as of the date hereof, and we disclaim any intention or obligation to update or revise any forward-looking statements in this release, except as may be required under applicable laws.

About Nutrien Ltd.

Nutrien is the world's largest provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value for all stakeholders by advancing our key environmental, social and governance priorities.