diff --git a/Tests/images/exif_text.png b/Tests/images/exif_text.png
new file mode 100644
index 000000000..e2d8dc0ff
Binary files /dev/null and b/Tests/images/exif_text.png differ
diff --git a/Tests/test_file_png.py b/Tests/test_file_png.py
index f59936741..f580f4ae7 100644
--- a/Tests/test_file_png.py
+++ b/Tests/test_file_png.py
@@ -607,6 +607,11 @@ class TestFilePng:
             exif = im.copy().getexif()
             assert exif[274] == 1
 
+        # With a tEXt chunk
+        with Image.open("Tests/images/exif_text.png") as im:
+            exif = im._getexif()
+        assert exif[274] == 1
+
         # With XMP tags
         with Image.open("Tests/images/xmp_tags_orientation.png") as im:
             exif = im.getexif()
diff --git a/src/PIL/PngImagePlugin.py b/src/PIL/PngImagePlugin.py
index 0c53a031b..192c94c89 100644
--- a/src/PIL/PngImagePlugin.py
+++ b/src/PIL/PngImagePlugin.py
@@ -514,10 +514,11 @@ class PngStream(ChunkStream):
             v = b""
         if k:
             k = k.decode("latin-1", "strict")
-            v = v.decode("latin-1", "replace")
+            v_str = v.decode("latin-1", "replace")
 
-            self.im_info[k] = self.im_text[k] = v
-            self.check_text_memory(len(v))
+            self.im_info[k] = v if k == "exif" else v_str
+            self.im_text[k] = v_str
+            self.check_text_memory(len(v_str))
 
         return s