diff --git a/make/rules.mk b/make/rules.mk
index 0c28632d..c2b00f8c 100644
--- a/make/rules.mk
+++ b/make/rules.mk
@@ -93,6 +93,7 @@ $(LINKS_SO):
 
 ifneq ($(EXE),)
 $(INSTALLED_EXE): $(EXE)
+	mkdir -p $(INSTALL_BINDIR)
 	$(INSTALL) -o $(EXEOWNER) -g $(EXEGROUP) -m $(EXEMODE) $< $@
 endif
 $(INSTALL_BINDIR)/%.sh: %.sh