diff --git a/Namcap/rules/makedepends.py b/Namcap/rules/makedepends.py
index 53676c2..8b938a0 100644
--- a/Namcap/rules/makedepends.py
+++ b/Namcap/rules/makedepends.py
@@ -68,6 +68,8 @@ class VCSMakedepends(PkgbuildRule):
 
 		for v in protocols:
 			d = vcs[v]
+			if 'depends' in pkginfo and d in pkginfo["depends"]:
+				continue
 			if 'makedepends' not in pkginfo:
 				missing.append(d)
 				continue
diff --git a/Namcap/tests/pkgbuild/test_makedepends.py b/Namcap/tests/pkgbuild/test_makedepends.py
index d443b2b..73a3ba2 100644
--- a/Namcap/tests/pkgbuild/test_makedepends.py
+++ b/Namcap/tests/pkgbuild/test_makedepends.py
@@ -111,4 +111,12 @@ package() {
 		self.assertEqual(r.warnings, [])
 		self.assertEqual(r.infos, [])
 
+	def test_example3(self):
+		# Example 3
+		r = self.run_on_pkg(self.pkgbuild1 + 'depends=(bzr git mercurial)')
+		self.assertEqual(r.errors, [])
+		self.assertEqual(r.warnings,
+			[("missing-vcs-makedeps %s", 'subversion')])
+		self.assertEqual(r.infos, [])
+
 # vim: set ts=4 sw=4 noet: