diff --git a/git/remote.py b/git/remote.py
index f2ecd0f36..c49246574 100644
--- a/git/remote.py
+++ b/git/remote.py
@@ -621,6 +621,8 @@ def exists(self) -> bool:
             return True
         except cp.NoSectionError:
             return False
+        except ValueError:
+            return False
 
     @classmethod
     def iter_items(cls, repo: "Repo", *args: Any, **kwargs: Any) -> Iterator["Remote"]: