diff --git a/ChangeLog b/ChangeLog
index 484a000..8aee033 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -12,6 +12,7 @@ ChangeLog
 1.3.2 2011-??-??
 ========
  * fix win32 build against win32 native gnu tools
+ * compatibility fix: fix segv on shutdown when ionCube Loader is loaded
 
 1.3.1 2010-11-27
 ========
diff --git a/NEWS b/NEWS
index f94f4ae..66b596c 100644
--- a/NEWS
+++ b/NEWS
@@ -4,6 +4,7 @@
 1.3.2 2011-??-??
 ========
  * win32 build fix
+ * improve compatibility with ionCube Loader
 
 1.3.1 2010-11-27
 ========
diff --git a/xcache.c b/xcache.c
index 136aeef..f1bbb64 100644
--- a/xcache.c
+++ b/xcache.c
@@ -3541,10 +3541,12 @@ static PHP_MSHUTDOWN_FUNCTION(xcache)
 
 	if (xc_zend_extension_faked) {
 		zend_extension *ext = zend_get_extension(XCACHE_NAME);
-		if (ext->shutdown) {
-			ext->shutdown(ext);
+		if (ext) {
+			if (ext->shutdown) {
+				ext->shutdown(ext);
+			}
+			xc_zend_remove_extension(ext);
 		}
-		xc_zend_remove_extension(ext);
 	}
 	UNREGISTER_INI_ENTRIES();