diff --git a/src/salink.c b/src/salink.c
index bfe8810..9ed2e2a 100644
--- a/src/salink.c
+++ b/src/salink.c
@@ -441,7 +441,8 @@ static void prv_complete_absolutes_e(void)
 				align = 1 << label->id;
 				mask = align - 1;
 				adjust = (real_off + label->off) & mask;
-				real_off += align - adjust;
+				if (adjust > 0)
+					real_off += align - adjust;
 				continue;
 			}
 			if (label->off > 0xffff - real_off) {
diff --git a/src/state_base.h b/src/state_base.h
index b84ba1e..04ab930 100644
--- a/src/state_base.h
+++ b/src/state_base.h
@@ -17,8 +17,8 @@
 #ifndef SPECASM_STATE_READ_H
 #define SPECASM_STATE_READ_H
 
-#define SPECASM_VERSION 2
-#define SPECASM_VERSION_STR "v2"
+#define SPECASM_VERSION 3
+#define SPECASM_VERSION_STR "v3"
 
 #include <stdint.h>
 
diff --git a/tests/test_align_aligned/align_aligned.s b/tests/test_align_aligned/align_aligned.s
new file mode 100644
index 0000000..cc676d9
--- /dev/null
+++ b/tests/test_align_aligned/align_aligned.s
@@ -0,0 +1,9 @@
+.Main
+align 8
+ld hl, l1
+.l1
+nop
+ld hl, l2
+align 8
+.l2
+ret
diff --git a/tests/test_align_aligned/test.sh b/tests/test_align_aligned/test.sh
new file mode 100755
index 0000000..de374ec
--- /dev/null
+++ b/tests/test_align_aligned/test.sh
@@ -0,0 +1,21 @@
+#!/bin/bash
+
+set -e
+rm align_aligned 2>/dev/null 1>&2 || true
+rm *.x 2>/dev/null 1>&2 || true
+
+../../saimport *.s
+../../salink 2>/dev/null 1>&2
+offset=`od -An -j1 -t x1 -N2 align_aligned | xargs`
+if [ "$offset" != "03 80" ]; then
+    exit 1
+fi
+
+offset=`od -An -j5 -t x1 -N2 align_aligned | xargs`
+if [ "$offset" != "08 80" ]; then
+    exit 1
+fi
+
+rm align_aligned
+rm *.x
+