diff --git a/WHATS_NEW b/WHATS_NEW
index 1b667155f..0d82703ca 100644
--- a/WHATS_NEW
+++ b/WHATS_NEW
@@ -1,6 +1,7 @@
 Version 2.01.13 - 
 ================================
-  Fix lvm1 non-mirror lvcreate.
+  Fix lvm1 format metadata read.
+  Fix lvm1 format non-mirror lvcreate.
 
 Version 2.01.12 - 14th June 2005
 ================================
diff --git a/lib/format1/import-export.c b/lib/format1/import-export.c
index 996890f71..26f6bcd0e 100644
--- a/lib/format1/import-export.c
+++ b/lib/format1/import-export.c
@@ -241,7 +241,7 @@ int import_vg(struct pool *mem,
 
 	vg->extent_size = vgd->pe_size;
 	vg->extent_count = vgd->pe_total;
-	vg->free_count = vgd->pe_total - vgd->pe_allocated;
+	vg->free_count = vgd->pe_total;
 	vg->max_lv = vgd->lv_max;
 	vg->max_pv = vgd->pv_max;
 	vg->alloc = ALLOC_NORMAL;