diff --git a/Classes/PHPExcel/Calculation/LookupRef.php b/Classes/PHPExcel/Calculation/LookupRef.php
index 7ebca4d9..bcf755fa 100644
--- a/Classes/PHPExcel/Calculation/LookupRef.php
+++ b/Classes/PHPExcel/Calculation/LookupRef.php
@@ -283,7 +283,19 @@ class PHPExcel_Calculation_LookupRef {
 
 		if ((!preg_match('/^'.PHPExcel_Calculation::CALCULATION_REGEXP_CELLREF.'$/i', $cellAddress1, $matches)) ||
 			((!is_null($cellAddress2)) && (!preg_match('/^'.PHPExcel_Calculation::CALCULATION_REGEXP_CELLREF.'$/i', $cellAddress2, $matches)))) {
-			return PHPExcel_Calculation_Functions::REF();
+
+			if (!preg_match('/^'.PHPExcel_Calculation::CALCULATION_REGEXP_NAMEDRANGE.'$/i', $cellAddress1, $matches)) {
+				return PHPExcel_Calculation_Functions::REF();
+			}
+
+			if (strpos($cellAddress,'!') !== false) {
+				list($sheetName,$cellAddress) = explode('!',$cellAddress);
+				$pSheet = $pCell->getParent()->getParent()->getSheetByName($sheetName);
+			} else {
+				$pSheet = $pCell->getParent();
+			}
+
+			return PHPExcel_Calculation::getInstance()->extractNamedRange($cellAddress, $pSheet, False);
 		}
 
 		if (strpos($cellAddress,'!') !== false) {
diff --git a/changelog.txt b/changelog.txt
index 492d9abc..75185b78 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -32,6 +32,7 @@ Fixed in SVN:
 - Bugfix:   (MBaker) Support for Excel functions whose return can be used as either a value or as a cell reference depending on its context within a formula
 - Bugfix:   (gilles06) Work item 15707 - ini_set() call in Calculation class destructor
 - Bugfix:   (MBaker) Work item 15786 - RangeToArray strange array keys
+- Bugfix:   (MBaker) Work item 15762 - INDIRECT() function doesn't work with named ranges
 - General:	(MBaker) Work item 15405 - Two easy to fix Issues concerning PHPExcel_Token_Stack (l10n/UC)
 - General:	(MBaker) Work item 15461 - Locale file paths not fit for windows