diff --git a/Lib/ctypes/util.py b/Lib/ctypes/util.py
index 37e4b03..794b895 100644
--- a/Lib/ctypes/util.py
+++ b/Lib/ctypes/util.py
@@ -49,12 +49,12 @@
         # See MSDN for the REAL search order.
         for directory in os.environ['PATH'].split(os.pathsep):
             fname = os.path.join(directory, name)
-            if os.path.exists(fname):
+            if os.path.isfile(fname):
                 return fname
             if fname.lower().endswith(".dll"):
                 continue
             fname = fname + ".dll"
-            if os.path.exists(fname):
+            if os.path.isfile(fname):
                 return fname
         return None
 
diff --git a/Misc/NEWS b/Misc/NEWS
index b094810..c0940f4 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -127,6 +127,9 @@
 Library
 -------
 
+- Issue #4875: On win32, ctypes.util.find_library does no longer
+  return directories.
+
 - Issue #5142: Add the ability to skip modules while stepping to pdb.
 
 - Issue #1309567: Fix linecache behavior of stripping subdirectories when