diff --git a/libevmjit/Compiler.cpp b/libevmjit/Compiler.cpp
index 33822f46e..6c6c00ff7 100644
--- a/libevmjit/Compiler.cpp
+++ b/libevmjit/Compiler.cpp
@@ -332,9 +332,10 @@ void Compiler::compileBasicBlock(BasicBlock& _basicBlock, bytes const& _bytecode
 
 		case Instruction::EXP:
 		{
-			auto left = stack.pop();
-			auto right = stack.pop();
-			auto ret = _arith.exp(left, right);
+			auto base = stack.pop();
+			auto exponent = stack.pop();
+			_gasMeter.countExp(exponent);
+			auto ret = _arith.exp(base, exponent);
 			stack.push(ret);
 			break;
 		}
diff --git a/libevmjit/GasMeter.cpp b/libevmjit/GasMeter.cpp
index 96bffc250..e2f45621b 100644
--- a/libevmjit/GasMeter.cpp
+++ b/libevmjit/GasMeter.cpp
@@ -144,6 +144,21 @@ void GasMeter::count(Instruction _inst)
 		commitCostBlock();
 }
 
+void GasMeter::countExp(llvm::Value* _exponent)
+{
+	// Additional cost is 1 per significant byte of exponent
+	// lz - leading zeros
+	// cost = ((256 - lz) + 7) / 8
+
+	// OPT: All calculations can be done on 32/64 bits
+
+	auto ctlz = llvm::Intrinsic::getDeclaration(getModule(), llvm::Intrinsic::ctlz, Type::Word);
+	auto lz = m_builder.CreateCall2(ctlz, _exponent, m_builder.getInt1(false));
+	auto sigBits = m_builder.CreateSub(Constant::get(256), lz);
+	auto sigBytes = m_builder.CreateUDiv(m_builder.CreateAdd(sigBits, Constant::get(7)), Constant::get(8));
+	createCall(m_gasCheckFunc, sigBytes);
+}
+
 void GasMeter::countSStore(Ext& _ext, llvm::Value* _index, llvm::Value* _newValue)
 {
 	assert(!m_checkCall); // Everything should've been commited before
diff --git a/libevmjit/GasMeter.h b/libevmjit/GasMeter.h
index 85ef59a0f..2346bc714 100644
--- a/libevmjit/GasMeter.h
+++ b/libevmjit/GasMeter.h
@@ -23,6 +23,9 @@ public:
 	/// Calculate & count gas cost for SSTORE instruction
 	void countSStore(class Ext& _ext, llvm::Value* _index, llvm::Value* _newValue);
 
+	/// Calculate & count additional gas cost for EXP instruction
+	void countExp(llvm::Value* _exponent);
+
 	/// Count gas cost of LOG data
 	void countLogData(llvm::Value* _dataLength);