diff --git a/index.js b/index.js
index 5dc6d7e..62dd240 100644
--- a/index.js
+++ b/index.js
@@ -75,7 +75,11 @@ HtmlWebpackPlugin.prototype.apply = function (compiler) {
         if (self.options.favicon) {
           return self.addFileToAssets(self.options.favicon, compilation)
             .then(function (faviconBasename) {
-              assets.favicon = faviconBasename;
+              if (compilation.options.output.publicPath) {
+                assets.favicon = compilation.options.output.publicPath + faviconBasename;
+              } else {
+                assets.favicon = faviconBasename;
+              }
             });
         }
       })
diff --git a/spec/HtmlWebpackPluginSpec.js b/spec/HtmlWebpackPluginSpec.js
index 135b33b..ec65157 100644
--- a/spec/HtmlWebpackPluginSpec.js
+++ b/spec/HtmlWebpackPluginSpec.js
@@ -770,6 +770,22 @@ describe('HtmlWebpackPlugin', function () {
     }, [/<link rel="shortcut icon" href="[^"]+\.ico">/], null, done);
   });
 
+  it('adds a favicon with publicPath set', function (done) {
+    testHtmlPlugin({
+      entry: path.join(__dirname, 'fixtures/index.js'),
+      output: {
+        path: OUTPUT_DIR,
+        publicPath: '/some/',
+        filename: 'index_bundle.js'
+      },
+      plugins: [
+        new HtmlWebpackPlugin({
+          favicon: path.join(__dirname, 'fixtures/favicon.ico')
+        })
+      ]
+    }, [/<link rel="shortcut icon" href="\/some\/+[^"]+\.ico">/], null, done);
+  });
+
   it('adds a favicon with inject enabled', function (done) {
     testHtmlPlugin({
       entry: path.join(__dirname, 'fixtures/index.js'),