Williams Partners L.P. Prices Public Offering Of Common Units And Concurrent Private Placement Of Common Units

Williams Partners L.P. (NYSE: WPZ) today announced that it priced a public offering of 11,250,000 of its common units representing limited-partner interests at $49.14 per unit. The offering is expected to close on March 8, 2013.

Williams Partners also granted the underwriters a 30-day option to purchase up to an additional 1,687,500 common units.

In addition, Williams Partners has agreed to sell 3,000,000 of its common units to Williams (NYSE: WMB) in a private placement at a price per common unit equal to the public offering price in the offering, less the underwriting discount and commissions. Upon the closing of the public offering and the private placement, Williams will own approximately 68 percent of Williams Partners, including the general-partner interest.

Williams Partners plans to use the net proceeds from the public offering and the private placement to repay amounts outstanding under the partnership’s credit facility. Borrowings under the credit facility were used for general partnership purposes, including funding capital expenditures, working capital and partnership distributions.

Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, UBS Investment Bank, Deutsche Bank Securities, Jefferies and Wells Fargo Securities are acting as joint book-running managers. In addition, Credit Suisse, Goldman, Sachs & Co., J.P. Morgan, Raymond James and RBC Capital Markets have been named as co-managing underwriters.

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 preliminary prospectus supplement and related base prospectus may be obtained on the SEC website at www.sec.gov or from any of the underwriters, including:

Barclaysc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: 888-603-5847E-mail: Barclaysprospectus@broadridge.com

BofA Merrill Lynch4 World Financial CenterNew York, NY 10080Attn: Prospectus DepartmentE-mail dg.prospectus_requests@baml.com

Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: 800-831-9146Email: batprospectusdept@citi.com

Morgan StanleyAttn: Prospectus Department180 Varick Street, 2nd FloorNew York, NY 10014Email: prospectus@morganstanley.comPhone: 866-718-1649

UBS Investment BankAttention: Prospectus Department299 Park AvenueNew York, NY 10171Phone: 888-827-7275

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