diff --git a/CHANGELOG.md b/CHANGELOG.md
index 803cc1d8d..e11ab9ac9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -63,6 +63,7 @@ All notable changes to this project will be documented in this file.
 - Exceptions when closing non-ribbon window
 - [PR215] ffdec.sh - Ignore all java options when checking version
 - Text search was not available as context menu option for AS3 scripts folder
+- [#2454] SVG export - color matrix not applied to images
 
 ### Removed
 - Option to preview flash items via ActiveX component is no longer available.
@@ -3782,6 +3783,7 @@ Major version of SWF to XML export changed to 2.
 [#2450]: https://www.free-decompiler.com/flash/issues/2450
 [#2355]: https://www.free-decompiler.com/flash/issues/2355
 [#2419]: https://www.free-decompiler.com/flash/issues/2419
+[#2454]: https://www.free-decompiler.com/flash/issues/2454
 [#2375]: https://www.free-decompiler.com/flash/issues/2375
 [#2374]: https://www.free-decompiler.com/flash/issues/2374
 [#2389]: https://www.free-decompiler.com/flash/issues/2389
diff --git a/libsrc/ffdec_lib/src/com/jpexs/decompiler/flash/exporters/shape/SVGShapeExporter.java b/libsrc/ffdec_lib/src/com/jpexs/decompiler/flash/exporters/shape/SVGShapeExporter.java
index ba6af5947..9027d3b5f 100644
--- a/libsrc/ffdec_lib/src/com/jpexs/decompiler/flash/exporters/shape/SVGShapeExporter.java
+++ b/libsrc/ffdec_lib/src/com/jpexs/decompiler/flash/exporters/shape/SVGShapeExporter.java
@@ -144,7 +144,7 @@ public class SVGShapeExporter extends DefaultSVGShapeExporter {
             SerializableImage img = image.getImageCached();
             if (img != null) {
                 if (colorTransform != null) {
-                    colorTransform.apply(img);
+                    img = colorTransform.apply(img);
                 }
 
                 int width = img.getWidth();