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Press release from Business Wire

Williams Announces Closing of Common Stock Public Offering, Exercise in Full of Underwriters' Option

Tuesday, December 18, 2012

Williams Announces Closing of Common Stock Public Offering, Exercise in Full of Underwriters' Option16:34 EST Tuesday, December 18, 2012 TULSA, Okla. (Business Wire) -- Williams (NYSE:WMB) announced today that its previously announced public offering of 46,500,000 shares of its common stock priced at $31.00 per share has closed. In addition, the underwriters elected to exercise in full their option to purchase an additional 6,975,000 shares of the company's common stock. Williams intends to use the net proceeds from the offering to finance a portion of its investments in Access Midstream Partners GP, L.L.C. and Access Midstream Partners, L.P. that were previously announced on Dec. 11, 2012. Citigroup, Barclays, and UBS Investment Bank acted as joint book-running managers. This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. A copy of the prospectus supplement and related base prospectus may be obtained on the SEC website at www.sec.gov or from any of the underwriters, including: Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: 800-831-9146 Email: batprospectusdept@citi.com   Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: 888-603-5847 E-mail: Barclaysprospectus@broadridge.com   UBS Investment Bank Attention: Prospectus Department 299 Park Avenue New York, NY 10171 Phone: 888-827-7275 Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission. WilliamsMedia Contact:Jeff Pounds, 918-573-3332orInvestor Contacts:John Porter, 918-573-0797orSharna Reingold, 918-573-2078