diff --git a/README.win32 b/README.win32
index df48c6c..f1f220e 100644
--- a/README.win32
+++ b/README.win32
@@ -27,24 +27,29 @@ arguments that work with MSVC. This means -Lfoo will be converted to
 /libpath:foo, and -lfoo will be converted to foo.lib.
 
 Building pkg-config is now supported on Visual Studio/MSVC as well.  To
-build it, you will need to have a glib installation.  Note that MSVC
-builds of glib does not have a build-time dependency on pkg-config,
-unlike the normal autotools builds.  The headers and libs either need to
-be found in your default %INCLUDE% and %LIB% respectively, or they need
-to be found in $(GLIB_PREFIX)\include and $(GLIB_PREFIX)\lib respectively;
-please see Makefile.vc for adjusting $(GLIB_PREFIX) to suit your needs.
-To build pkg-config with MSVC, run in a Visual Studio command prompt from
-the "nmake" subdirectory:
+build it, you can choose to use an existing glib installation, or build
+pkg-config with the copy of GLib that is bundled with the pkg-config
+sources, by using `HAVE_GLIB=1` in your NMake command line to use an
+existing installation of GLib.  Building with the bundled GLib will
+require an existing installation of gettext-runtime or proxy-libintl.
+Note that MSVC builds of glib does not have a build-time dependency on
+pkg-config, unlike the normal autotools builds.  The headers and libs
+either need to be found in your default %INCLUDE% and %LIB% respectively,
+or they need to be found in $(GLIB_PREFIX)\include and $(GLIB_PREFIX)\lib
+respectively; please see Makefile.vc for adjusting $(GLIB_PREFIX) to suit
+your needs. To build pkg-config with MSVC, run in a Visual Studio command
+prompt from the "nmake" subdirectory:
 
-"nmake /f Makefile.vc CFG=release" (release builds) -or-
-"nmake /f Makefile.vc CFG=debug" (debug builds)
+"nmake /f Makefile.vc CFG=release" [HAVE_GLIB=1] (release builds) -or-
+"nmake /f Makefile.vc CFG=debug" [HAVE_GLIB=1] (debug builds)
 
 The resulting pkg-config.exe will be found in
 nmake\vsXX\[release|debug]\[win32|x64|arm64], where vsXX stands for the
 short Visual Studio version, which is 9 for 2008, 10 for 2010, 14 for 2015
 and so on; a 'clean' target is supported to clean up the build.  MSVC 2008
 through 2022 is supported, for the x86, x86_64 (x64) and aarch64 (ARM64)
-architectures; older versions may work as well but is not tested.  Note
-that building with the glib bundled with this source
-distribution is not currently supported-the glib DLL and all of its
-dependent DLLs are required at runtime.
+architectures; older versions may work as well but is not tested.  The
+GLIib DLL and all of its dependent DLLs are required at runtime if using
+an existing installation, if using the GLib that is bundled with
+pkg-config; if using the bundled GLib, the built pkg-config-glib.dll is
+required along with the gettext-runtime or proxy-libintl DLL.