diff --git a/system/libraries/Email.php b/system/libraries/Email.php
index 2595032..fc1bbe1 100644
--- a/system/libraries/Email.php
+++ b/system/libraries/Email.php
@@ -1173,12 +1173,12 @@
 		// If the current word is surrounded by {unwrap} tags we'll
 		// strip the entire chunk and replace it with a marker.
 		$unwrap = array();
-		if (preg_match_all('|(\{unwrap\}.+?\{/unwrap\})|s', $str, $matches))
+		if (preg_match_all('|\{unwrap\}(.+?)\{/unwrap\}|s', $str, $matches))
 		{
 			for ($i = 0, $c = count($matches[0]); $i < $c; $i++)
 			{
 				$unwrap[] = $matches[1][$i];
-				$str = str_replace($matches[1][$i], '{{unwrapped'.$i.'}}', $str);
+				$str = str_replace($matches[0][$i], '{{unwrapped'.$i.'}}', $str);
 			}
 		}