diff --git a/bfd/ChangeLog b/bfd/ChangeLog
index eaf7a99b4fa..fb9de4ad0bc 100644
--- a/bfd/ChangeLog
+++ b/bfd/ChangeLog
@@ -1,3 +1,8 @@
+2014-11-20  Alan Modra  <amodra@gmail.com>
+
+	* elf32-ppc.c (ppc_elf_relax_section): Correct ppc476 workaround
+	alignment calculation.
+
 2014-11-20  Terry Guo  <terry.guo@arm.com>
 
 	* elf32-arm.c (elf32_arm_merge_eabi_attributes): Skip if input bfd
diff --git a/bfd/elf32-ppc.c b/bfd/elf32-ppc.c
index 04c2d6ad60b..b4d20753cf7 100644
--- a/bfd/elf32-ppc.c
+++ b/bfd/elf32-ppc.c
@@ -7174,7 +7174,7 @@ ppc_elf_relax_section (bfd *abfd,
 	  /* Keep space aligned, to ensure the patch code itself does
 	     not cross a page.  Don't decrease size calculated on a
 	     previous pass as otherwise we might never settle on a layout.  */
-	  newsize = 15 - (end_addr & 15);
+	  newsize = 15 - ((end_addr - 1) & 15);
 	  newsize += crossings * 16;
 	  if (relax_info->workaround_size < newsize)
 	    {