"We don't have enough information to determine whether or not this vulnerability was exploited. We are operating under the assumption that is has been." is what I want to hear. I do not want to hear "We have no evidence that the vulnerability has been exploited." which, of course, minimises the fact that it may have been and does nothing to communicate what assumption they're working under - i.e. that they're probably going to assume it hasn't been exploited.
TL;DR: I'd rather them be entirely up front about the fact that they can't tell if it has been exploited and advise you to assume it has been than them try to weasel out of saying their logs aren't good enough but "you'll probably be alright, eh".
> Law of No Evidence: Any claim that there is “no evidence” of something is evidence of bullshit.