diff --git a/WHATS_NEW b/WHATS_NEW
index 313965d51..f216b2113 100644
--- a/WHATS_NEW
+++ b/WHATS_NEW
@@ -2,6 +2,7 @@ Version 2.02.64 -
 =================================
   Added awk script relpath.awk to calculate relative paths.
   Fix double DESTDIR usage for infodir and mandir.
+  Install symbolic .so links with relative paths between usrlibdir and libdir.
 
 Version 2.02.63 - 14th April 2010
 =================================
diff --git a/make.tmpl.in b/make.tmpl.in
index 9d60e8bc3..5e7f44fd0 100644
--- a/make.tmpl.in
+++ b/make.tmpl.in
@@ -62,6 +62,8 @@ mandir = $(datarootdir)/man
 localedir = $(DESTDIR)@LOCALEDIR@
 staticdir = $(DESTDIR)@STATICDIR@
 udevdir = $(DESTDIR)@udevdir@
+USRLIB_RELPATH = $(shell echo $(abspath $(usrlibdir) $(libdir)) | \
+  awk -f $(top_srcdir)/scripts/relpath.awk)
 
 # Setup vpath search paths for some suffixes
 vpath %.c $(srcdir)
@@ -301,7 +303,7 @@ $(LIB_SHARED): $(LIB_SHARED).$(LIB_VERSION)
 install_lib_shared: $(LIB_SHARED)
 	$(INSTALL_PROGRAM) -D $< $(libdir)/$(<F).$(LIB_VERSION)
 	$(INSTALL) -d $(usrlibdir)
-	$(LN_S) -f $(libdir)/$(<F).$(LIB_VERSION) $(usrlibdir)/$(<F)
+	$(LN_S) -f $(USRLIB_RELPATH)$(<F).$(LIB_VERSION) $(usrlibdir)/$(<F)
 
 # FIXME: plugins are currently installed with .so suffix only
 install_lib_shared_plugin: $(LIB_SHARED)
diff --git a/tools/Makefile.in b/tools/Makefile.in
index 0a4d75f61..47fa2db5e 100644
--- a/tools/Makefile.in
+++ b/tools/Makefile.in
@@ -169,7 +169,7 @@ install_cmdlib_include: $(srcdir)/lvm2cmd.h
 install_cmdlib_dynamic: liblvm2cmd.$(LIB_SUFFIX)
 	$(INSTALL_PROGRAM) -D $< $(libdir)/$(<F).$(LIB_VERSION)
 	$(INSTALL) -d $(usrlibdir)
-	$(LN_S) -f $(libdir)/$<.$(LIB_VERSION) $(usrlibdir)/$(<F)
+	$(LN_S) -f $(USRLIB_RELPATH)$(<F).$(LIB_VERSION) $(usrlibdir)/$(<F)
 
 install_cmdlib_static: liblvm2cmd-static.a
 	$(INSTALL_DATA) -D $< $(usrlibdir)/liblvm2cmd.a