diff --git a/setupegg.py b/setupegg.py
index d9c31b9..7b4b568 100755
--- a/setupegg.py
+++ b/setupegg.py
@@ -3,4 +3,5 @@
 
 # Import setuptools and call the actual setup
 import setuptools
-execfile('setup.py')
+with open('setup.py', 'rb') as f:
+    exec(compile(f.read(), 'setup.py', 'exec'))