Williams Comments on Indication of Interest from Enterprise Products

The Williams Companies, Inc. (NYSE:WMB) (“Williams” or the “Company”) today issued the following statement regarding Enterprise Products Partners L.P.’s (NYSE:EPD) recent announcement:

Williams confirms that, since July, Williams has had a series of exchanges with Enterprise regarding a potential combination. As Williams recently communicated to Enterprise, the Williams Board, including the three new directors, with the assistance of legal and financial advisors, was engaged in the process of carefully reviewing the most recent indication of interest from Enterprise. As such, Williams is surprised by today’s announcement from Enterprise. As always, the Board remains open to considering any potential strategic alternative that would maximize value for stockholders.

Williams notes that, as a matter of practice, it does not comment on market rumors or speculation, and does not intend to comment on any future indications of interest from Enterprise or any other party.

Williams (WMB) is a premier provider of large-scale infrastructure connecting North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams owns approximately 60 percent of Williams Partners L.P. (WPZ) (“WPZ”), including all of the 2 percent general-partner interest. WPZ is an industry-leading, large-cap master limited partnership with operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. With major positions in top U.S. supply basins and also in Canada, WPZ owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. WPZ’s operations touch approximately 30 percent of U.S. natural gas.

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.

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