diff --git a/sys/amd64/include/vmm.h b/sys/amd64/include/vmm.h
index cf7f5bcae0cd..52294bd8e29c 100644
--- a/sys/amd64/include/vmm.h
+++ b/sys/amd64/include/vmm.h
@@ -551,6 +551,7 @@ struct vm_exit {
 		struct {
 			uint64_t	gpa;
 			uint64_t	gla;
+			uint64_t	cs_base;
 			int		cs_d;		/* CS.D */
 			struct vm_guest_paging paging;
 			struct vie	vie;
diff --git a/sys/amd64/vmm/amd/svm.c b/sys/amd64/vmm/amd/svm.c
index 88a846d5e36d..18871d0dd401 100644
--- a/sys/amd64/vmm/amd/svm.c
+++ b/sys/amd64/vmm/amd/svm.c
@@ -799,8 +799,13 @@ svm_handle_inst_emul(struct vmcb *vmcb, uint64_t gpa, struct vm_exit *vmexit)
 	KASSERT(error == 0, ("%s: vmcb_seg(CS) error %d", __func__, error));
 
 	switch(paging->cpu_mode) {
+	case CPU_MODE_REAL:
+		vmexit->u.inst_emul.cs_base = seg.base;
+		vmexit->u.inst_emul.cs_d = 0;
 	case CPU_MODE_PROTECTED:
 	case CPU_MODE_COMPATIBILITY:
+		vmexit->u.inst_emul.cs_base = seg.base;
+
 		/*
 		 * Section 4.8.1 of APM2, Default Operand Size or D bit.
 		 */
@@ -808,6 +813,7 @@ svm_handle_inst_emul(struct vmcb *vmcb, uint64_t gpa, struct vm_exit *vmexit)
 		    1 : 0;
 		break;
 	default:
+		vmexit->u.inst_emul.cs_base = 0;
 		vmexit->u.inst_emul.cs_d = 0;
 		break;	
 	}
diff --git a/sys/amd64/vmm/intel/vmx.c b/sys/amd64/vmm/intel/vmx.c
index 6dbf38aeb106..03d755c997e9 100644
--- a/sys/amd64/vmm/intel/vmx.c
+++ b/sys/amd64/vmm/intel/vmx.c
@@ -1784,12 +1784,18 @@ vmexit_inst_emul(struct vm_exit *vmexit, uint64_t gpa, uint64_t gla)
 	vmexit->u.inst_emul.gla = gla;
 	vmx_paging_info(paging);
 	switch (paging->cpu_mode) {
+	case CPU_MODE_REAL:
+		vmexit->u.inst_emul.cs_base = vmcs_read(VMCS_GUEST_CS_BASE);
+		vmexit->u.inst_emul.cs_d = 0;
+		break;
 	case CPU_MODE_PROTECTED:
 	case CPU_MODE_COMPATIBILITY:
+		vmexit->u.inst_emul.cs_base = vmcs_read(VMCS_GUEST_CS_BASE);
 		csar = vmcs_read(VMCS_GUEST_CS_ACCESS_RIGHTS);
 		vmexit->u.inst_emul.cs_d = SEG_DESC_DEF32(csar);
 		break;
 	default:
+		vmexit->u.inst_emul.cs_base = 0;
 		vmexit->u.inst_emul.cs_d = 0;
 		break;
 	}
diff --git a/sys/amd64/vmm/vmm.c b/sys/amd64/vmm/vmm.c
index 7e72b028a3e2..42a275b9b148 100644
--- a/sys/amd64/vmm/vmm.c
+++ b/sys/amd64/vmm/vmm.c
@@ -1251,7 +1251,7 @@ vm_handle_inst_emul(struct vm *vm, int vcpuid, bool *retu)
 	struct vie *vie;
 	struct vcpu *vcpu;
 	struct vm_exit *vme;
-	uint64_t gla, gpa;
+	uint64_t gla, gpa, cs_base;
 	struct vm_guest_paging *paging;
 	mem_region_read_t mread;
 	mem_region_write_t mwrite;
@@ -1263,6 +1263,7 @@ vm_handle_inst_emul(struct vm *vm, int vcpuid, bool *retu)
 
 	gla = vme->u.inst_emul.gla;
 	gpa = vme->u.inst_emul.gpa;
+	cs_base = vme->u.inst_emul.cs_base;
 	cs_d = vme->u.inst_emul.cs_d;
 	vie = &vme->u.inst_emul.vie;
 	paging = &vme->u.inst_emul.paging;
@@ -1277,8 +1278,8 @@ vm_handle_inst_emul(struct vm *vm, int vcpuid, bool *retu)
 		 * maximum size instruction.
 		 */
 		length = vme->inst_length ? vme->inst_length : VIE_INST_SIZE;
-		error = vmm_fetch_instruction(vm, vcpuid, paging, vme->rip,
-		    length, vie);
+		error = vmm_fetch_instruction(vm, vcpuid, paging, vme->rip +
+		    cs_base, length, vie);
 	} else {
 		/*
 		 * The instruction bytes have already been copied into 'vie'
diff --git a/sys/amd64/vmm/vmm_instruction_emul.c b/sys/amd64/vmm/vmm_instruction_emul.c
index 3db890e9559a..2dfbe8b5902b 100644
--- a/sys/amd64/vmm/vmm_instruction_emul.c
+++ b/sys/amd64/vmm/vmm_instruction_emul.c
@@ -1825,12 +1825,12 @@ decode_modrm(struct vie *vie, enum vm_cpu_mode cpu_mode)
 {
 	uint8_t x;
 
-	if (cpu_mode == CPU_MODE_REAL)
-		return (-1);
-
 	if (vie->op.op_flags & VIE_OP_F_NO_MODRM)
 		return (0);
 
+	if (cpu_mode == CPU_MODE_REAL)
+		return (-1);
+
 	if (vie_peek(vie, &x))
 		return (-1);