Today is patch Tuesday for April 2021 and there are critical Exchange server security updates in the release. You can review all of the affected products on the MSRC blog or on the Security Update Guide (SUG).
Updates have been released for supported versions of Exchange 2013, 2016 and 2019. Details can be found in KB 5001779.
Update 5-5-2021. Two articles with known issues relating to this security update have been published.
Below is a view of the Security Update Guide, with a filter on Exchange Server 2016.
For reference, the CVEs and their associated scores are:
As you will have seen before, Exchange updates are available for the CUs which can be serviced. This is the current and previous update, also described as N and N-1.
If you download the updates and install them manually, ensure that they are installed from an elevated cmd prompt.
The updates can be downloaded from: