Williams Declares Common Dividend

    TULSA, Okla., July 17 /EMWNews/ -- Williams' (NYSE: WMB)

board of directors has approved a regular dividend of 11 cents on the

company's common stock, payable Sept. 8, 2008, to holders of record at the

close of business on Aug. 22, 2008.



    The company has paid a common stock dividend every quarter since 1974.

    About Williams (NYSE: WMB)



    Williams, through its subsidiaries, finds, produces, gathers, processes

and transports natural gas. Williams' operations are concentrated in the

Pacific Northwest, Rocky Mountains, Gulf Coast, and Eastern Seaboard. More

information is available at http://www.williams.com. Go to

http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our e-mail list.






     Contact: Jeff Pounds

              Williams (media relations)

              (918) 573-3332



              Richard George

              Williams (investor relations)

              (918) 573-3679



    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.