diff --git a/README b/README
index 48948352e12..2e18fb55a22 100644
--- a/README
+++ b/README
@@ -3,18 +3,29 @@ MySQL Server
 This is a release of MySQL, a dual-license SQL database server.
 For the avoidance of doubt, this particular copy of the software 
 is released under the version 2 of the GNU General Public License. 
-MySQL is brought to you by the MySQL team at Oracle.
+MySQL is brought to you by Oracle.
 
 Copyright (c) 2000, 2011, Oracle and/or its affiliates. All rights reserved.
 
 License information can be found in the COPYING file.
 
+MySQL FOSS License Exception
+We want free and open source software applications under certain
+licenses to be able to use specified GPL-licensed MySQL client
+libraries despite the fact that not all such FOSS licenses are
+compatible with version 2 of the GNU General Public License.  
+Therefore there are special exceptions to the terms and conditions 
+of the GPLv2 as applied to these client libraries, which are 
+identified and described in more detail in the FOSS License 
+Exception at 
+<http://www.mysql.com/about/legal/licensing/foss-exception.html>.
+
 This distribution may include materials developed by third
 parties. For license and attribution notices for these
 materials, please refer to the documentation that accompanies
-this distribution (see the Licenses for Third-Party Components
-appendix). A copy of the license/notices is also reproduced 
-below. 
+this distribution (see the "Licenses for Third-Party Components"
+appendix) or view the online documentation at 
+<http://dev.mysql.com/doc/>.
 
 GPLv2 Disclaimer
 For the avoidance of doubt, except that if any license choice
@@ -38,8 +49,6 @@ Some Reference Manual sections of special interest:
   chapter.
 - For the new features/bugfix history, see the MySQL Change History 
   appendix.
-- For currently known bugs, see the Errors and Common Problems
-  appendix.
 
 You can browse the MySQL Reference Manual online or download it 
 in any of several formats at the URL given earlier in this file.