Exception isn't the root of all exception classes anymore.
diff --git a/Doc/api/exceptions.tex b/Doc/api/exceptions.tex
index e1bfb38..504d1dc 100644
--- a/Doc/api/exceptions.tex
+++ b/Doc/api/exceptions.tex
@@ -336,8 +336,9 @@
The \var{name} argument must be the name of the new exception, a C
string of the form \code{module.class}. The \var{base} and
\var{dict} arguments are normally \NULL. This creates a class
- object derived from the root for all exceptions, the built-in name
- \exception{Exception} (accessible in C as \cdata{PyExc_Exception}).
+ object derived from \exception{Exception} (accessible in C as
+ \cdata{PyExc_Exception}).
+
The \member{__module__} attribute of the new class is set to the
first part (up to the last dot) of the \var{name} argument, and the
class name is set to the last part (after the last dot). The