© 2012 The Williams Companies, Inc. All rights reserved. The reports, filings, and other public announcements of The Williams Companies, Inc. may contain or incorporate by reference statements that do not directly or exclusively relate to historical facts. Such statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. You typically can identify forward-looking statements by various forms of words such as "anticipates," "believes," "seeks," "could," "may," "should," "continues," "estimates," "expects,“ “assumes,” "forecasts," "intends," "might," "goals," "objectives," "targets," "planned," "potential," "projects," "scheduled," "will,” “guidance,” “outlook,” “in service date,” “strategy” or other similar expressions. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management and include, among others, statements regarding: > Amounts and nature of future capital expenditures; > Expansion and growth of our business and operations; > Financial condition and liquidity; > Business strategy; > Cash flow from operations or results of operations; > The levels of dividends to Williams stockholders; > Seasonality of certain business components; and > Natural gas, natural gas liquids, and crude oil prices and demand Forward-looking statements are based on numerous assumptions, uncertainties and risks that could cause future events or results to be materially different from those stated or implied in this presentation. Many of the factors that will determine these results are beyond our ability to control or predict. Specific factors that could cause actual results to differ from results contemplated by the forward-looking statements include, among others, the following: > Whether Williams has sufficient cash to enable it to pay current and expected levels of dividends; > Availability of supplies, market demand, volatility of prices, and the availability and cost of capital; > Inflation, interest rates – and in the case of Williams fluctuation in foreign exchange and general economic conditions (including future disruptions and > The strength and financial resources of our competitors; Ability to acquire new businesses and assets and integrate those operations and assets into our > Development of alternative energy sources; 2 Forward-looking statements volatility in the global credit markets and the impact of these events on our customers and suppliers); existing businesses, as well as expand our facilities; | 
