ONEOK (OKE) Announces 26M Share Public Offering of Common Stock

ONEOK, Inc. (NYSE: OKE) today announced an underwritten public offering of 26 million shares of its common stock. ONEOK expects to grant to the underwriters a 30-day over-allotment option to purchase up to 3.9 million additional shares.

ONEOK expects to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing indebtedness and the funding of capital expenditures.

Barclays, J.P. Morgan and Citigroup are acting as lead book-running managers in the offering.

BofA Securities, Credit Suisse and Wells Fargo Securities are also acting as book-running managers for the offering.

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 prior to registration or qualification under the securities laws of any such state or jurisdiction. No assurance can be made that the offering will be consummated on its proposed terms or at all.

The common stock will be offered and sold pursuant to an effective shelf registration statement on Form S-3 filed by ONEOK with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus supplement and accompanying prospectus included in the registration statement. A preliminary prospectus supplement relating to the offering has been filed with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus, and the final prospectus supplement, when available, may be obtained by visiting the SEC's website at www.sec.gov or from:

Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Email: [email protected]Phone: 888-603-5847

J.P. Morgan Securities LLCc/o Broadridge Financial SolutionsAttention: Prospectus Department1155 Long Island AvenueEdgewood, NY 11717Phone: 866-803-9204

Citigroup c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: 800-831-9146

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