Market Overview

Williams' Northwest Pipeline LLC Prices Private Debt Issuance

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Northwest Pipeline LLC ("Northwest"), a wholly owned subsidiary of The
Williams Companies, Inc. (NYSE:WMB), announced that it has priced an
offering of $250 million of its 4.000 percent Senior Notes due 2027
through an add-on to its existing issue.

The $250 million in aggregate principal amount of 4.000 percent Senior
Notes due 2027, scheduled to be delivered on Aug. 24, 2018, were priced
at an offering price of 98.558 percent of par.

Northwest intends to use the net proceeds from the offering to repay the
intercompany debt owed to Williams in connection with the repayment of
Northwest's 6.05% senior notes at their maturity on June 15, 2018 and
any excess net proceeds will be used for general corporate purposes.

The notes are being offered pursuant to certain exemptions from
registration under the Securities Act of 1933, as amended (the
"Securities Act"). The offering of the notes has not been registered
under the Securities Act or applicable state securities laws. The notes
may not be offered or sold in the United States absent registration or
an applicable exemption from such registration requirements.

This press release is for informational purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy the
notes described in this press release, nor shall there be any sale of
the notes in any state or jurisdiction in which such an offer, sale or
solicitation would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.

Portions of this document may constitute "forward-looking statements" as
defined by federal law. Although Northwest believes any such statements
are based on reasonable assumptions, there is no assurance that actual
outcomes will not be materially different. Additional information about
issues that could lead to material changes in performance is contained
in Northwest's annual and quarterly reports filed with the Securities
and Exchange Commission.

About Williams

Williams (NYSE:WMB) is a premier provider of large-scale infrastructure
connecting U.S. natural gas and natural gas products to growing demand
for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams
is an industry-leading, investment grade C-Corp with operations across
the natural gas value chain including gathering, processing, interstate
transportation and storage of natural gas and natural gas liquids. With
major positions in top U.S. supply basins, Williams 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. Williams' operations
touch approximately 30 percent of U.S. natural gas.

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