diff --git a/lld/lib/ReaderWriter/PECOFF/WriterPECOFF.cpp b/lld/lib/ReaderWriter/PECOFF/WriterPECOFF.cpp
index 8dcfcc142a9c..6459084d9e54 100644
--- a/lld/lib/ReaderWriter/PECOFF/WriterPECOFF.cpp
+++ b/lld/lib/ReaderWriter/PECOFF/WriterPECOFF.cpp
@@ -784,7 +784,13 @@ void AtomChunk::addBaseRelocations(BaseRelocationList &relocSites) const {
     for (const Reference *ref : *atom) {
       if (ref->kindNamespace() != Reference::KindNamespace::COFF)
         continue;
-      if (isa<AbsoluteAtom>(ref->target()))
+
+      // An absolute symbol points to a fixed location in memory. Their
+      // address should not be fixed at load time. One exception is ImageBase
+      // because that's relative to run-time image base address.
+      if (auto *abs = dyn_cast<AbsoluteAtom>(ref->target()))
+        if (!abs->name().equals("__ImageBase") &&
+            !abs->name().equals("___ImageBase"))
           continue;
 
       uint64_t address = layout->_virtualAddr + ref->offsetInAtom();
diff --git a/lld/test/pecoff/Inputs/basereloc.obj.yaml b/lld/test/pecoff/Inputs/basereloc.obj.yaml
index 088e9c83878f..34312e5d75b5 100644
--- a/lld/test/pecoff/Inputs/basereloc.obj.yaml
+++ b/lld/test/pecoff/Inputs/basereloc.obj.yaml
@@ -6,7 +6,7 @@ sections:
   - Name:            .text
     Characteristics: [ IMAGE_SCN_CNT_CODE, IMAGE_SCN_MEM_EXECUTE, IMAGE_SCN_MEM_READ ]
     Alignment:       4
-    SectionData:     B800000000506800000000680000000050E80000000050E800000000
+    SectionData:     B800000000506800000000680000000050E80000000050E80000000050E800000000
     Relocations:
       - VirtualAddress:  0
         SymbolName:      abs_symbol
@@ -23,6 +23,9 @@ sections:
       - VirtualAddress:  24
         SymbolName:      _ExitProcess@4
         Type:            IMAGE_REL_I386_REL32
+      - VirtualAddress:  30
+        SymbolName:      ___ImageBase
+        Type:            IMAGE_REL_I386_DIR32
   - Name:            .data
     Characteristics: [ IMAGE_SCN_CNT_INITIALIZED_DATA, IMAGE_SCN_MEM_READ, IMAGE_SCN_MEM_WRITE ]
     Alignment:       4
@@ -117,4 +120,10 @@ symbols:
     SimpleType:      IMAGE_SYM_TYPE_NULL
     ComplexType:     IMAGE_SYM_DTYPE_NULL
     StorageClass:    IMAGE_SYM_CLASS_EXTERNAL
+  - Name:            ___ImageBase
+    Value:           0
+    SectionNumber:   0
+    SimpleType:      IMAGE_SYM_TYPE_NULL
+    ComplexType:     IMAGE_SYM_DTYPE_NULL
+    StorageClass:    IMAGE_SYM_CLASS_EXTERNAL
 ...
diff --git a/lld/test/pecoff/base-reloc.test b/lld/test/pecoff/base-reloc.test
index 867cbcb38bf9..54c47a1b59cc 100644
--- a/lld/test/pecoff/base-reloc.test
+++ b/lld/test/pecoff/base-reloc.test
@@ -17,6 +17,14 @@ BASEREL-NEXT:   Entry {
 BASEREL-NEXT:     Type: HIGHLOW
 BASEREL-NEXT:     Address: 0x200C
 BASEREL-NEXT:   }
+BASEREL-NEXT:   Entry {
+BASEREL-NEXT:     Type: HIGHLOW
+BASEREL-NEXT:     Address: 0x201E
+BASEREL-NEXT:   }
+BASEREL-NEXT:   Entry {
+BASEREL-NEXT:     Type: ABSOLUTE
+BASEREL-NEXT:     Address: 0x2000
+BASEREL-NEXT:   }
 BASEREL-NEXT: ]
 
 NOBASEREL:      BaseReloc [
@@ -37,9 +45,9 @@ BASEREL-HEADER-NOT: IMAGE_FILE_RELOCS_STRIPPED
 NOBASEREL-HEADER: IMAGE_FILE_RELOCS_STRIPPED
 
 BASEREL-HEADER:     BaseRelocationTableRVA: 0x3000
-BASEREL-HEADER:     BaseRelocationTableSize: 0xC
+BASEREL-HEADER:     BaseRelocationTableSize: 0x10
 BASEREL-HEADER:     Name: .reloc (2E 72 65 6C 6F 63 00 00)
-BASEREL-HEADER-NEXT:     VirtualSize: 0xC
+BASEREL-HEADER-NEXT:     VirtualSize: 0x10
 BASEREL-HEADER-NEXT:     VirtualAddress: 0x3000
 BASEREL-HEADER-NEXT:     RawDataSize: 512
 BASEREL-HEADER-NEXT:     PointerToRawData: 0x600