diff --git a/NEWS b/NEWS
index 93a8ecbb93f..c890b29c9a2 100644
--- a/NEWS
+++ b/NEWS
@@ -19,6 +19,8 @@ PHP                                                                        NEWS
     (Nikita)
   . Fixed bug #65275 (Calling exit() in a shutdown function does not change the
     exit value in CLI). (Nikita)
+  . Fixed bug #62294 (register_shutdown_function() does not correctly handle
+    exit code). (Nikita)
 
 - Date:
   . Fixed bug #60302 (DateTime::createFromFormat should new static(), not new
diff --git a/Zend/zend_language_scanner.l b/Zend/zend_language_scanner.l
index c5f897419d1..c98c0f8e9bd 100644
--- a/Zend/zend_language_scanner.l
+++ b/Zend/zend_language_scanner.l
@@ -655,7 +655,6 @@ ZEND_API zend_op_array *compile_file(zend_file_handle *file_handle, int type)
 		if (!EG(exception)) {
 			if (type==ZEND_REQUIRE) {
 				zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file_handle->filename);
-				zend_bailout();
 			} else {
 				zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file_handle->filename);
 			}
diff --git a/ext/opcache/ZendAccelerator.c b/ext/opcache/ZendAccelerator.c
index 6f3ff1ceadc..a8187f0e905 100644
--- a/ext/opcache/ZendAccelerator.c
+++ b/ext/opcache/ZendAccelerator.c
@@ -1716,7 +1716,6 @@ static zend_persistent_script *opcache_compile_file(zend_file_handle *file_handl
 			if (!EG(exception)) {
 				if (type == ZEND_REQUIRE) {
 					zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file_handle->filename);
-					zend_bailout();
 				} else {
 					zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file_handle->filename);
 				}
@@ -1875,7 +1874,6 @@ zend_op_array *file_cache_compile_file(zend_file_handle *file_handle, int type)
 			if (!EG(exception)) {
 				if (type == ZEND_REQUIRE) {
 					zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file_handle->filename);
-					zend_bailout();
 				} else {
 					zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file_handle->filename);
 				}
@@ -2032,7 +2030,6 @@ zend_op_array *persistent_compile_file(zend_file_handle *file_handle, int type)
 				if (!EG(exception)) {
 					if (type == ZEND_REQUIRE) {
 						zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file_handle->filename);
-						zend_bailout();
 					} else {
 						zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file_handle->filename);
 					}
@@ -2090,7 +2087,6 @@ zend_op_array *persistent_compile_file(zend_file_handle *file_handle, int type)
 		if (!EG(exception)) {
 			if (type == ZEND_REQUIRE) {
 				zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file_handle->filename);
-				zend_bailout();
 			} else {
 				zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file_handle->filename);
 			}
diff --git a/sapi/cli/tests/bug62294.inc b/sapi/cli/tests/bug62294.inc
new file mode 100644
index 00000000000..836fd44f282
--- /dev/null
+++ b/sapi/cli/tests/bug62294.inc
@@ -0,0 +1,5 @@
+<?php
+
+register_shutdown_function(function() {
+    require 'path/to/an/unknown/file';
+});
diff --git a/sapi/cli/tests/bug62294.phpt b/sapi/cli/tests/bug62294.phpt
new file mode 100644
index 00000000000..b300729939f
--- /dev/null
+++ b/sapi/cli/tests/bug62294.phpt
@@ -0,0 +1,12 @@
+--TEST--
+Bug #62294: register_shutdown_function() does not handle exit code correctly
+--FILE--
+<?php
+
+$php = getenv('TEST_PHP_EXECUTABLE');
+exec($php . ' ' . __DIR__ . '/bug62294.inc', $output, $exit_status);
+var_dump($exit_status);
+
+?>
+--EXPECT--
+int(255)
diff --git a/sapi/phpdbg/phpdbg_list.c b/sapi/phpdbg/phpdbg_list.c
index 5c1b950bf65..d9b2fa00d58 100644
--- a/sapi/phpdbg/phpdbg_list.c
+++ b/sapi/phpdbg/phpdbg_list.c
@@ -242,7 +242,6 @@ zend_op_array *phpdbg_compile_file(zend_file_handle *file, int type) {
 	if (zend_stream_fixup(file, &bufptr, &len) == FAILURE) {
 		if (type == ZEND_REQUIRE) {
 			zend_message_dispatcher(ZMSG_FAILED_REQUIRE_FOPEN, file->filename);
-			zend_bailout();
 		} else {
 			zend_message_dispatcher(ZMSG_FAILED_INCLUDE_FOPEN, file->filename);
 		}