diff --git a/Classes/PHPExcel/Reader/Excel2007.php b/Classes/PHPExcel/Reader/Excel2007.php
index 95fedff..ab159d0 100644
--- a/Classes/PHPExcel/Reader/Excel2007.php
+++ b/Classes/PHPExcel/Reader/Excel2007.php
@@ -1345,7 +1345,11 @@ class PHPExcel_Reader_Excel2007 implements PHPExcel_Reader_IReader
 								// Extract range
 								$extractedRange = (string)$definedName;
 								$extractedRange = preg_replace('/\'(\w+)\'\!/', '', $extractedRange);
-								$extractedRange = str_replace('$', '', $extractedRange);
+								if (($spos = strpos($extractedRange,'!')) !== false) {
+									$extractedRange = substr($extractedRange,0,$spos).str_replace('$', '', substr($extractedRange,$spos));
+								} else {
+									$extractedRange = str_replace('$', '', $extractedRange);
+								}
 
 								// Valid range?
 								if (stripos((string)$definedName, '#REF!') !== false || $extractedRange == '') {