diff --git a/ChangeLog b/ChangeLog
index c504d7d8f..56b712d7b 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -8,6 +8,11 @@ Bugfix
      Follath. #309
    * Fix issue in Makefile that prevented building using armar. #386
 
+Changes
+   * On ARM platforms, when compiling with -O0 with GCC, Clang or armcc5,
+     don't use the optimized assembly for bignum multiplication. This removes
+     the need to pass -fomit-frame-pointer to avoid a build error with -O0.
+
 = mbed TLS 2.1.4 released 2016-01-05
 
 Security
diff --git a/include/mbedtls/bn_mul.h b/include/mbedtls/bn_mul.h
index 5408d4146..c59cbc77a 100644
--- a/include/mbedtls/bn_mul.h
+++ b/include/mbedtls/bn_mul.h
@@ -563,7 +563,23 @@
 
 #endif /* TriCore */
 
-#if defined(__arm__)
+/*
+ * gcc -O0 by default uses r7 for the frame pointer, so it complains about our
+ * use of r7 below, unless -fomit-frame-pointer is passed. Unfortunately,
+ * passing that option is not easy when building with yotta.
+ *
+ * On the other hand, -fomit-frame-pointer is implied by any -Ox options with
+ * x !=0, which we can detect using __OPTIMIZE__ (which is also defined by
+ * clang and armcc5 under the same conditions).
+ *
+ * So, only use the optimized assembly below for optimized build, which avoids
+ * the build error and is pretty reasonable anyway.
+ */
+#if defined(__GNUC__) && !defined(__OPTIMIZE__)
+#define CANNOT_USE_R7
+#endif
+
+#if defined(__arm__) && !defined(CANNOT_USE_R7)
 
 #if defined(__thumb__) && !defined(__thumb2__)