diff --git a/Misc/NEWS.d/next/Core and Builtins/2022-01-11-13-57-00.bpo-46347.Gd8M-S.rst b/Misc/NEWS.d/next/Core and Builtins/2022-01-11-13-57-00.bpo-46347.Gd8M-S.rst
new file mode 100644
index 000000000000000..fc12d6ba146caa1
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2022-01-11-13-57-00.bpo-46347.Gd8M-S.rst	
@@ -0,0 +1 @@
+Fix memory leak in PyEval_EvalCodeEx.
diff --git a/Python/ceval.c b/Python/ceval.c
index be26ffd822c1362..85b4400de32f493 100644
--- a/Python/ceval.c
+++ b/Python/ceval.c
@@ -6128,16 +6128,9 @@ PyEval_EvalCodeEx(PyObject *_co, PyObject *globals, PyObject *locals,
         }
         allargs = newargs;
     }
-    PyObject **kwargs = PyMem_Malloc(sizeof(PyObject *)*kwcount);
-    if (kwargs == NULL) {
-        res = NULL;
-        Py_DECREF(kwnames);
-        goto fail;
-    }
     for (int i = 0; i < kwcount; i++) {
         Py_INCREF(kws[2*i]);
         PyTuple_SET_ITEM(kwnames, i, kws[2*i]);
-        kwargs[i] = kws[2*i+1];
     }
     PyFrameConstructor constr = {
         .fc_globals = globals,