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Exelon Securities Litigation

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WELCOME TO THE EXELON SECURITIES LITIGATION WEBSITE

This website has been established to provide general information related to the
proposed settlement of the case known as Flynn v. Exelon Corporation, et al.,
No. 1:19-cv-08209, pending before the United States District Court for the
Northern District of Illinois (the "Court"). The capitalized terms used on this
website, and not otherwise defined, shall have the same meanings ascribed to
them in the Stipulation of Settlement (the "Stipulation") dated May 26, 2023,
which can be found and downloaded by clicking on the Case Documents tab above.
Your rights may be affected if you purchased or acquired the common stock of
Exelon Corporation (“Exelon” or the "Company") between February 8, 2019 and
October 31, 2019, inclusive (the “Settlement Class Period”).

The law firm of Robbins Geller Rudman & Dowd LLP represents the Settlement Class
Members. These lawyers are called Lead Counsel. You will not be directly charged
for these lawyers. If you want to be represented by your own lawyer, you may
hire one at your own expense.

WHAT IS THIS LAWSUIT ABOUT?

As more fully described in the Notice of Pendency and Proposed Settlement of
Class Action (the "Notice"), Lead Plaintiff’s Complaint for Violations of the
Federal Securities Laws (the “Complaint”), was filed on September 16, 2020.
Among other things, the Complaint alleges violations of the Exchange Act
premised on certain statements that Lead Plaintiff claims were false or
misleading because they, inter alia, did not disclose an allegedly improper or
unlawful bribery scheme to secure legislation favorable to the Company and
allegedly downplayed the government’s investigation of the Company. Lead
Plaintiff contends that these allegedly false and misleading statements and/or
omissions artificially inflated Exelon’s stock price and when the alleged truth
was eventually disclosed, the price of Exelon stock declined, resulting in
substantial damages to the Settlement Class. Thus, Lead Plaintiff alleges that
Settlement Class Members overpaid for Exelon common stock during the relevant
time period. Defendants have vigorously denied and continue to vigorously deny
that they did anything wrong.

In March 2022, the parties commenced mediation efforts presided over by the
Honorable Layn R. Phillips (ret.) of Phillips ADR Enterprises. The parties
participated in mediation sessions between March 2022 and April 2023, and
through the mediation process ultimately agreed to settle the Litigation for
$173 million.

WHAT DOES THE SETTLEMENT PROVIDE?

Defendants have agreed to cause to be paid $173 million in cash. The balance of
this fund after payment of Court-approved attorneys’ fees and expenses and any
award to Lead Plaintiff and the costs of claims administration, including the
costs of printing and mailing the Notice and the cost of publishing newspaper
notice, and Taxes and Tax Expenses (the “Net Settlement Fund”), will be divided
among all eligible Settlement Class Members who send in valid Claim Forms.

ADDITIONAL INFORMATION

Although the information in this website is intended to assist you, it does not
replace the information contained in the Notice and Stipulation, both of which
can be found and downloaded by clicking on the Case Documents tab above. We
recommend that you read the Notice and other relevant case documents
carefully. You may also wish to read the answers to Frequently Asked Questions
provided on this website.


YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

SUBMIT A CLAIM This is the only way to be eligible to receive a payment. If you
are a Settlement Class Member, and do not exclude yourself from the Settlement
Class, you will be bound by the Settlement as approved by the Court and you will
give up any “Released Claims” (as defined in the Notice) that you have against
the Defendants and the other “Released Parties” (as defined in the Notice).
Proof of Claim and Release forms (“Proof of Claim” or “Claim Form”) must be
postmarked (if mailed) or received (if submitted online) on or before September
28, 2023. EXCLUDE YOURSELF If you exclude yourself from the Settlement Class,
you will not be eligible to receive any payment from the Settlement Fund. This
is the only option that potentially allows you to participate in another lawsuit
against the Defendants or the other Released Parties relating to the Released
Claims being released in this case. Should you elect to exclude yourself from
the Settlement Class, you should understand that Defendants and the other
Released Parties will have the right to assert any and all defenses they may
have to any claims that you may seek to assert, including, without limitation,
the defense that any such claims are untimely under applicable statutes of
limitations and statutes of repose. Exclusions must be postmarked on or before
August 17, 2023. OBJECT You may write to the Court if you do not like this
Settlement, the Plan of Allocation and/or the request for attorneys’ fees and
expenses. You will still be a Member of the Settlement Class. Objections must be
received by the Court and counsel for the Settling Parties on or before August
17, 2023. GO TO A HEARING ON SEPTEMBER 7, 2023 at 9:00 A.M. Submitting a written
objection and notice of intention to appear by August 17, 2023, allows you to
speak in Court about the fairness of the Settlement, the Plan of Allocation
and/or the request for attorneys’ fees and expenses. If you submit a written
objection, you may (but you do not have to) attend the hearing and speak to the
Court about your objection. DO NOTHING If you are a Member of the Settlement
Class and you do not submit a Proof of Claim by September 28, 2023, you will not
be eligible to receive any payment from the Net Settlement Fund. You will,
however, remain a Member of the Settlement Class, which means that you give up
your right to sue about the claims that are resolved by the Settlement and you
will be bound by any judgments or orders entered by the Court in the action.




IMPORTANT DATES AND DEADLINES

Submit Proof of Claim: September 28, 2023 Request Exclusion: August 17, 2023
Submit Objection: August 17, 2023 File Notice of Intention to Appear: August 17,
2023 Settlement Hearing: September 7, 2023 at 9:00 a.m.

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