diff --git a/src/Module.js b/src/Module.js
index 0ddde37..20de137 100644
--- a/src/Module.js
+++ b/src/Module.js
@@ -173,13 +173,7 @@ export default class Module {
 						throw new Error( `A module cannot have multiple exports with the same name ('${exportedName}')` );
 					}
 
-					// `export { default as foo }` – special case. We want importers
-					// to use the UnboundDefaultExport proxy, not the original declaration
-					if ( exportedName === 'default' ) {
-						this.exports[ exportedName ] = { localName: 'default' };
-					} else {
-						this.exports[ exportedName ] = { localName };
-					}
+					this.exports[ exportedName ] = { localName };
 				});
 			} else {
 				this.bundle.onwarn( `Module ${this.id} has an empty export declaration` );
diff --git a/src/ast/nodes/ExportNamedDeclaration.js b/src/ast/nodes/ExportNamedDeclaration.js
index 3f9ba4e..c9e4af1 100644
--- a/src/ast/nodes/ExportNamedDeclaration.js
+++ b/src/ast/nodes/ExportNamedDeclaration.js
@@ -1,54 +1,10 @@
-import { find } from '../../utils/array.js';
 import Node from '../Node.js';
 
-class UnboundDefaultExport {
-	constructor ( original ) {
-		this.original = original;
-		this.name = original.name;
-	}
-
-	activate () {
-		if ( this.activated ) return;
-		this.activated = true;
-
-		this.original.activate();
-	}
-
-	addReference ( reference ) {
-		this.name = reference.name;
-		this.original.addReference( reference );
-	}
-
-	bind ( scope ) {
-		this.original.bind( scope );
-	}
-
-	gatherPossibleValues ( values ) {
-		this.original.gatherPossibleValues( values );
-	}
-
-	getName ( es ) {
-		if ( this.original && !this.original.isReassigned ) {
-			return this.original.getName( es );
-		}
-
-		return this.name;
-	}
-}
-
 export default class ExportNamedDeclaration extends Node {
 	initialise ( scope ) {
 		this.scope = scope;
 		this.isExportDeclaration = true;
 
-		// special case – `export { foo as default }` should not create a live binding
-		const defaultExport = find( this.specifiers, specifier => specifier.exported.name === 'default' );
-		if ( defaultExport ) {
-			const declaration = this.scope.findDeclaration( defaultExport.local.name );
-			this.defaultExport = new UnboundDefaultExport( declaration );
-			scope.declarations.default = this.defaultExport;
-		}
-
 		if ( this.declaration ) this.declaration.initialise( scope );
 	}
 
diff --git a/test/function/default-export-as-is-bound/_config.js b/test/function/default-export-as-is-bound/_config.js
new file mode 100644
index 0000000..87d1136
--- /dev/null
+++ b/test/function/default-export-as-is-bound/_config.js
@@ -0,0 +1,3 @@
+module.exports = {
+	description: 'does bind export as default (#1078)'
+};
diff --git a/test/function/default-export-as-is-bound/foo.js b/test/function/default-export-as-is-bound/foo.js
new file mode 100644
index 0000000..f67efa3
--- /dev/null
+++ b/test/function/default-export-as-is-bound/foo.js
@@ -0,0 +1,7 @@
+var a = 42;
+
+export function change() {
+	a++;
+}
+
+export { a as default };
diff --git a/test/function/default-export-as-is-bound/main.js b/test/function/default-export-as-is-bound/main.js
new file mode 100644
index 0000000..6ffb7b1
--- /dev/null
+++ b/test/function/default-export-as-is-bound/main.js
@@ -0,0 +1,6 @@
+import a from './foo';
+import { change } from './foo';
+
+assert.equal( a, 42 );
+change();
+assert.equal( a, 43, 'export as default should be bound' );
diff --git a/test/function/export-as-default/_config.js b/test/function/export-as-default/_config.js
deleted file mode 100644
index d5de425..0000000
--- a/test/function/export-as-default/_config.js
+++ /dev/null
@@ -1,5 +0,0 @@
-var assert = require( 'assert' );
-
-module.exports = {
-	description: 'export { foo as default } does not create a live binding'
-};
diff --git a/test/function/export-as-default/foo.js b/test/function/export-as-default/foo.js
deleted file mode 100644
index 3c54230..0000000
--- a/test/function/export-as-default/foo.js
+++ /dev/null
@@ -1,3 +0,0 @@
-var foo = 1;
-export { foo as default };
-foo = 2;
diff --git a/test/function/export-as-default/main.js b/test/function/export-as-default/main.js
deleted file mode 100644
index e2b1718..0000000
--- a/test/function/export-as-default/main.js
+++ /dev/null
@@ -1,3 +0,0 @@
-import foo from './foo.js';
-
-assert.equal( foo, 1 );