diff --git a/ClosedXML/ClosedXML/ClosedXML/Excel/XLWorkbook_Load.cs b/ClosedXML/ClosedXML/ClosedXML/Excel/XLWorkbook_Load.cs
index e9233cf..a862a42 100644
--- a/ClosedXML/ClosedXML/ClosedXML/Excel/XLWorkbook_Load.cs
+++ b/ClosedXML/ClosedXML/ClosedXML/Excel/XLWorkbook_Load.cs
@@ -854,7 +854,7 @@
             {
                 if (cell.DataType == CellValues.InlineString)
                 {
-                    xlCell._cellValue = cell.InlineString != null ? cell.InlineString.Text.Text.FixNewLines() : String.Empty;
+                    xlCell._cellValue = cell.InlineString != null && cell.InlineString.Text != null ? cell.InlineString.Text.Text.FixNewLines() : String.Empty;
                     xlCell._dataType = XLCellValues.Text;
                     xlCell.ShareString = false;
                 }