diff --git a/Docs/Whats_New.md b/Docs/Whats_New.md
index 2ed6e474..a4ab46a4 100644
--- a/Docs/Whats_New.md
+++ b/Docs/Whats_New.md
@@ -24,6 +24,7 @@ Released TBD
 - Fix issue where the depth component of a stencil-only renderpass attachment was incorrectly attempting to be stored.
 - Fix deletion of GPU counter `MTLFence` while it is being used by `MTLCommandBuffer`.
 - Remove limit on `VkPhysicalDeviceLimits::maxSamplerAllocationCount` when not using Metal argument buffers.
+- Avoid adjusting SRGB clear color values by half-ULP on GPUs that round float clear colors down.
 - `MoltenVKShaderConverter` tool defaults to the highest MSL version supported on runtime OS.
 - Update *glslang* version, to use `python3` in *glslang* scripts, to replace missing `python` on *macOS 12.3*.
 - Update to latest SPIRV-Cross:
diff --git a/MoltenVK/MoltenVK/GPUObjects/MVKPixelFormats.mm b/MoltenVK/MoltenVK/GPUObjects/MVKPixelFormats.mm
index c972226f..688d8249 100644
--- a/MoltenVK/MoltenVK/GPUObjects/MVKPixelFormats.mm
+++ b/MoltenVK/MoltenVK/GPUObjects/MVKPixelFormats.mm
@@ -472,6 +472,8 @@ MTLClearColor MVKPixelFormats::getMTLClearColor(VkClearValue vkClearValue, VkFor
 				// For normalized formats, increment the clear value by half the ULP
 				// (i.e. 1/(2*(2**component_size - 1))), to force Metal to round up.
 				// This should fix some problems with clear values being off by one ULP on some platforms.
+				// This adjustment is not performed on SRGB formats, which Vulkan
+				// requires to be treated as linear, with the value managed by the app.
 #define OFFSET_NORM(MIN_VAL, COLOR, BIT_WIDTH)  \
 	if (mtlClr.COLOR > (MIN_VAL) && mtlClr.COLOR < 1.0) {  \
 		mtlClr.COLOR += 1.0 / (2.0 * ((1U << (BIT_WIDTH)) - 1));  \
@@ -497,14 +499,12 @@ MTLClearColor MVKPixelFormats::getMTLClearColor(VkClearValue vkClearValue, VkFor
 						OFFSET_UNORM(blue, 5)
 						break;
 					case VK_FORMAT_R8_UNORM:
-					case VK_FORMAT_R8_SRGB:
 						OFFSET_UNORM(red, 8)
 						break;
 					case VK_FORMAT_R8_SNORM:
 						OFFSET_SNORM(red, 8)
 						break;
 					case VK_FORMAT_R8G8_UNORM:
-					case VK_FORMAT_R8G8_SRGB:
 						OFFSET_UNORM(red, 8)
 						OFFSET_UNORM(green, 8)
 						break;
@@ -513,11 +513,8 @@ MTLClearColor MVKPixelFormats::getMTLClearColor(VkClearValue vkClearValue, VkFor
 						OFFSET_SNORM(green, 8)
 						break;
 					case VK_FORMAT_R8G8B8A8_UNORM:
-					case VK_FORMAT_R8G8B8A8_SRGB:
 					case VK_FORMAT_B8G8R8A8_UNORM:
-					case VK_FORMAT_B8G8R8A8_SRGB:
 					case VK_FORMAT_A8B8G8R8_UNORM_PACK32:
-					case VK_FORMAT_A8B8G8R8_SRGB_PACK32:
 						OFFSET_UNORM(red, 8)
 						OFFSET_UNORM(green, 8)
 						OFFSET_UNORM(blue, 8)