diff --git a/CHANGES.md b/CHANGES.md
index 24d8515f152..3145e6bd2d2 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -46,6 +46,9 @@ Unreleased
 
 - Add support for instrumentation dependencies (#4210, fixes #3983, @nojb)
 
+- Workaround incorrect exception raised by Unix.utimes (OCaml PR#8857) in
+  Path.touch on Windows (#4223, @dra27)
+
 2.8.2 (21/01/2021)
 ------------------
 
diff --git a/src/stdune/path.ml b/src/stdune/path.ml
index a5a0f358dfe..eb63e7ef8e0 100644
--- a/src/stdune/path.ml
+++ b/src/stdune/path.ml
@@ -1176,9 +1176,19 @@ let touch ?(create = true) p =
     | In_build_dir k ->
       Kind.to_string (Kind.append_local (Fdecl.get Build.build_dir) k)
   in
-  try Unix.utimes p 0.0 0.0
-  with Unix.Unix_error (Unix.ENOENT, _, _) ->
-    if create then Unix.close (Unix.openfile p [ Unix.O_CREAT ] 0o777)
+  let create =
+    if create then
+      fun () ->
+    Unix.close (Unix.openfile p [ Unix.O_CREAT ] 0o777)
+    else
+      Fun.id
+  in
+  try Unix.utimes p 0.0 0.0 with
+  | Unix.Unix_error (Unix.ENOENT, _, _) -> create ()
+  | Unix.Unix_error (Unix.EUNKNOWNERR 0, _, _)
+    when Sys.win32 && not (Sys.file_exists p) ->
+    (* OCaml PR#8857 *)
+    create ()
 
 let compare x y =
   match (x, y) with