diff --git a/target/arm/cpu.c b/target/arm/cpu.c
index 3f750d5bfe..1dff1d3347 100644
--- a/target/arm/cpu.c
+++ b/target/arm/cpu.c
@@ -381,15 +381,15 @@ static void arm_cpu_reset(DeviceState *dev)
         env->regs[15] = 0xFFFF0000;
     }
 
+    env->vfp.xregs[ARM_VFP_FPEXC] = 0;
+#endif
+
     /* M profile requires that reset clears the exclusive monitor;
      * A profile does not, but clearing it makes more sense than having it
      * set with an exclusive access on address zero.
      */
     arm_clear_exclusive(env);
 
-    env->vfp.xregs[ARM_VFP_FPEXC] = 0;
-#endif
-
     if (arm_feature(env, ARM_FEATURE_PMSA)) {
         if (cpu->pmsav7_dregion > 0) {
             if (arm_feature(env, ARM_FEATURE_V8)) {