diff --git a/tools/make-dist-tarball b/tools/make-dist-tarball
index 622283bd..7742caea 100755
--- a/tools/make-dist-tarball
+++ b/tools/make-dist-tarball
@@ -9,7 +9,7 @@ Usage: ${0##*/} version
 EOF
 }
 
-topdir="../$PWD"
+topdir="$PWD"
 tag=${1}
 
 [ -n "$tag" ] || { Usage 1>&2 ; exit 1; }