Nutrien Ltd.

**Composition **

The Board appoints members of the Committee on the recommendation of the Corporate Governance & Nominating Committee. Any member of the Committee may be removed or replaced at any time by the Board and will stop being a member of the Committee on ceasing to be a director. Subject to the above, each member of the Committee will serve as a member of the Committee until the next annual meeting of shareholders after their appointment.

The Committee will consist of not less than three and not more than eight members. Each Committee member will be independent according to the independence standards set out in the Corporate Governance Framework, including applicable independence requirements of stock exchanges on which the Corporation is listed and securities laws, rules and regulations.

Each member of the Committee will be “financially literate”, and at least one member of the Committee will be designated as the “audit committee financial expert” and will have “accounting or related financial management expertise”, in each case, as such qualification is interpreted by the Board in its business judgment and as defined by applicable requirements of stock exchanges on which the Corporation is listed and securities laws, rules and regulations.

No member of the Committee will serve on the audit committees of more than two other publicly listed companies, unless the Board determines that such simultaneous service would not impair the ability of such member to effectively serve on the Committee and discloses such determination in the Corporation’s annual management proxy circular.

The Board may fill vacancies on the Committee from among its members, on the recommendation of the Corporate Governance & Nominating Committee. If and whenever a vacancy exists on the Committee, the remaining members may exercise all their powers so long as a quorum remains in place.

The members of the Committee will be entitled to receive such remuneration for acting as members of the Committee as the Board determines.

The Corporate Secretary, or such other person acceptable to the members, will act as Secretary to the Committee.