strncat null termination

according to
http://www.cppreference.com/wiki/c/string/strncat
it says

char *strncat( char *str1, const char *str2, size_t count );
The function strncat() concatenates at most count characters of str2 onto str1, adding a null termination.


Does count include or exclude the null termination that is added at the end?
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