diff --git a/Lib/test/test_decimal.py b/Lib/test/test_decimal.py
index 4a352e5..694b959 100644
--- a/Lib/test/test_decimal.py
+++ b/Lib/test/test_decimal.py
@@ -3837,7 +3837,7 @@
 
         x = dir(C)
         y = [s for s in dir(P) if '__' in s or not s.startswith('_')]
-        self.assertEqual(set(x) - set(y), {'MallocError'})
+        self.assertEqual(set(x) - set(y), set())
 
     def test_context_attributes(self):
 
diff --git a/Modules/_decimal/_decimal.c b/Modules/_decimal/_decimal.c
index aa39de1..bb2df44 100644
--- a/Modules/_decimal/_decimal.c
+++ b/Modules/_decimal/_decimal.c
@@ -168,7 +168,9 @@
   {"DivisionImpossible", "decimal.DivisionImpossible", MPD_Division_impossible, NULL},
   {"DivisionUndefined", "decimal.DivisionUndefined", MPD_Division_undefined, NULL},
   {"InvalidContext", "decimal.InvalidContext", MPD_Invalid_context, NULL},
+#ifdef EXTRA_FUNCTIONALITY
   {"MallocError", "decimal.MallocError", MPD_Malloc_error, NULL},
+#endif
   {NULL}
 };
 
@@ -466,9 +468,14 @@
     mpd_context_t *ctx = CTX(context);
 
     ctx->status |= status;
-    if (ctx->traps&status) {
+    if (status & (ctx->traps|MPD_Malloc_error)) {
         PyObject *ex, *siglist;
 
+        if (status & MPD_Malloc_error) {
+            PyErr_NoMemory();
+            return 1;
+        }
+
         ex = flags_as_exception(ctx->traps&status);
         if (ex == NULL) {
             return 1; /* GCOV_NOT_REACHED */