diff --git a/src/Ramstack.FileProviders.Globbing/GlobbingFileProvider.cs b/src/Ramstack.FileProviders.Globbing/GlobbingFileProvider.cs
index 634f735..6021836 100644
--- a/src/Ramstack.FileProviders.Globbing/GlobbingFileProvider.cs
+++ b/src/Ramstack.FileProviders.Globbing/GlobbingFileProvider.cs
@@ -71,8 +71,14 @@ public IDirectoryContents GetDirectoryContents(string subpath)
     {
         subpath = FilePath.Normalize(subpath);
 
-        var directory = _provider.GetDirectoryContents(subpath);
-        return new GlobbingDirectoryContents(this, subpath, directory);
+        if (!IsExcluded(subpath))
+        {
+            var directory = _provider.GetDirectoryContents(subpath);
+            if (directory is not NotFoundDirectoryContents)
+                return new GlobbingDirectoryContents(this, subpath, directory);
+        }
+
+        return NotFoundDirectoryContents.Singleton;
     }
 
     /// <inheritdoc />
@@ -109,7 +115,7 @@ private sealed class GlobbingDirectoryContents : IDirectoryContents
         private readonly IDirectoryContents _directory;
 
         /// <inheritdoc />
-        public bool Exists => !_provider.IsExcluded(_directoryPath) && _directory.Exists;
+        public bool Exists => _directory.Exists;
 
         /// <summary>
         /// Initializes a new instance of the <see cref="GlobbingDirectoryContents"/> class.
diff --git a/tests/Ramstack.FileProviders.Tests/GlobbingFileProviderTests.cs b/tests/Ramstack.FileProviders.Tests/GlobbingFileProviderTests.cs
index 14373df..1c6f7fd 100644
--- a/tests/Ramstack.FileProviders.Tests/GlobbingFileProviderTests.cs
+++ b/tests/Ramstack.FileProviders.Tests/GlobbingFileProviderTests.cs
@@ -27,6 +27,57 @@ public void Setup()
     public void Cleanup() =>
         _storage.Dispose();
 
+    [Test]
+    public void ExcludedDirectory_HasNoFileNodes()
+    {
+        using var storage = new TempFileStorage();
+        var fs = new GlobbingFileProvider(new PhysicalFileProvider(storage.Root), "**", exclude: "/project/src/**");
+
+        var directories = new[]
+        {
+            "/project/src",
+            "/project/src/App",
+            "/project/src/Modules",
+            "/project/src/Modules/Module1",
+            "/project/src/Modules/Module1/Submodule",
+            "/project/src/Modules/Module2"
+        };
+
+        foreach (var path in directories)
+        {
+            var directory = fs.GetDirectory(path);
+
+            Assert.That(
+                directory.Exists,
+                Is.False);
+
+            Assert.That(
+                directory.EnumerateFileNodes("**").Count(),
+                Is.Zero);
+        }
+
+        var files = new[]
+        {
+            "/project/src/App/App.csproj",
+            "/project/src/App/Program.cs",
+            "/project/src/App/Utils.cs",
+            "/project/src/Modules/Module1/Module1.cs",
+            "/project/src/Modules/Module1/Module1.csproj",
+            "/project/src/Modules/Module1/Submodule/Submodule1.cs",
+            "/project/src/Modules/Module1/Submodule/Submodule2.cs",
+            "/project/src/Modules/Module1/Submodule/Submodule.csproj",
+            "/project/src/Modules/Module2/Module2.cs",
+            "/project/src/Modules/Module2/Module2.csproj",
+            "/project/src/App.sln"
+        };
+
+        foreach (var path in files)
+        {
+            var file = fs.GetFile(path);
+            Assert.That(file.Exists, Is.False);
+        }
+    }
+
     protected override IFileProvider GetFileProvider()
     {
         var provider = new PhysicalFileProvider(_storage.Root);