diff --git a/loader/module.c b/loader/module.c
index 575dd3b..21a2128 100644
--- a/loader/module.c
+++ b/loader/module.c
@@ -1252,7 +1252,8 @@
 	/* Check for already loaded module */
 	if((pwm = MODULE_FindModule(libname))) 
 	{
-		pwm->refCount++;
+		if(!(pwm->flags & WINE_MODREF_MARKER))
+			pwm->refCount++;
 		TRACE(module, "Already loaded module '%s' at 0x%08x, count=%d, \n", libname, pwm->module, pwm->refCount);
 		LeaveCriticalSection(&PROCESS_Current()->crit_section);
 		return pwm;