diff --git a/NEWS b/NEWS
index 8a1b477b..52307ed2 100644
--- a/NEWS
+++ b/NEWS
@@ -33,6 +33,7 @@ What's new in psycopg 2.6.2
 - Added support for setuptools/wheel (:ticket:`#370`).
 - Fix build on Windows with Python 3.5, VS 2015 (:ticket:`#380`).
 - Fixed `!errorcodes.lookup` initialization thread-safety (:ticket:`#382`).
+- Fixed `!read()` exception propagation in copy_from (:ticket:`#412`).
 
 
 What's new in psycopg 2.6.1
diff --git a/psycopg/pqpath.c b/psycopg/pqpath.c
index b643512d..99dd40be 100644
--- a/psycopg/pqpath.c
+++ b/psycopg/pqpath.c
@@ -1393,7 +1393,11 @@ _pq_copy_in_v3(cursorObject *curs)
                     Py_DECREF(str);
                 }
             }
-            PyErr_Restore(t, ex, tb);
+            /* Clear the Py exception: it will be re-raised from the libpq */
+            Py_XDECREF(t);
+            Py_XDECREF(ex);
+            Py_XDECREF(tb);
+            PyErr_Clear();
         }
         res = PQputCopyEnd(curs->conn->pgconn, buf);
     }