diff --git a/src/Bundle.js b/src/Bundle.js
index 538ba45..9a857fd 100644
--- a/src/Bundle.js
+++ b/src/Bundle.js
@@ -418,7 +418,9 @@ export default class Bundle {
 
 				keys( statement.modifies ).forEach( name => {
 					const definingStatement = module.definitions[ name ];
-					const exportDeclaration = module.exports[ name ];
+					const exportDeclaration = module.exports[ name ] || (
+						module.exports.default && module.exports.default.identifier === name && module.exports.default
+					);
 
 					const shouldMark = ( definingStatement && definingStatement.isIncluded ) ||
 					                   ( exportDeclaration && exportDeclaration.isUsed );
diff --git a/src/Module.js b/src/Module.js
index 946a96e..018d2b6 100644
--- a/src/Module.js
+++ b/src/Module.js
@@ -412,6 +412,7 @@ export default class Module {
 						});
 					}
 
+					exportDeclaration.isUsed = true;
 					return module.mark( exportDeclaration.localName );
 				});
 		}