diff --git a/libuv.pc.in b/libuv.pc.in
index 2933ec22..9174fe15 100644
--- a/libuv.pc.in
+++ b/libuv.pc.in
@@ -1,5 +1,5 @@
 prefix=@prefix@
-exec_prefix=@prefix@
+exec_prefix=${prefix}
 libdir=@libdir@
 includedir=@includedir@