diff --git a/.travis.yml b/.travis.yml
index 5cd4bb7..fc069f6 100644
--- a/.travis.yml
+++ b/.travis.yml
@@ -3,13 +3,10 @@ sudo: false
 python:
 - '2.6'
 - '2.7'
-- '3.2'
-- '3.3'
 - '3.4'
 - '3.5'
 - '3.6'
 install:
-- if [[ $TRAVIS_PYTHON_VERSION == 3.2 ]]; then pip install -U "virtualenv<14.0.0"; fi
 - pip install python-coveralls tox tox-travis
 script: tox --recreate
 after_success:
diff --git a/setup.py b/setup.py
index e001557..3d6fbb7 100644
--- a/setup.py
+++ b/setup.py
@@ -27,7 +27,7 @@
 
 setup(
     name='timeout-decorator',
-    version='0.4.0',
+    version='0.4.1',
     description='Timeout decorator',
     long_description=long_description,
     author='Patrick Ng',
diff --git a/tests/test_timeout_decorator.py b/tests/test_timeout_decorator.py
index 536bc8f..fad4d81 100644
--- a/tests/test_timeout_decorator.py
+++ b/tests/test_timeout_decorator.py
@@ -96,6 +96,14 @@ def f():
         f()
 
 
+def test_timeout_custom_exception_with_message():
+    @timeout(seconds=1, timeout_exception=RuntimeError, exception_message="Custom fail message")
+    def f():
+        time.sleep(2)
+    with pytest.raises(RuntimeError, match="Custom fail message"):
+        f()
+
+
 def test_timeout_default_exception_message():
     @timeout(seconds=1)
     def f():
diff --git a/timeout_decorator/__init__.py b/timeout_decorator/__init__.py
index c802c55..8c89b0d 100644
--- a/timeout_decorator/__init__.py
+++ b/timeout_decorator/__init__.py
@@ -4,4 +4,4 @@
 from .timeout_decorator import TimeoutError
 
 __title__ = 'timeout_decorator'
-__version__ = '0.4.0'
+__version__ = '0.4.1'
diff --git a/timeout_decorator/timeout_decorator.py b/timeout_decorator/timeout_decorator.py
index f05da0f..2b3121d 100644
--- a/timeout_decorator/timeout_decorator.py
+++ b/timeout_decorator/timeout_decorator.py
@@ -44,7 +44,7 @@ def _raise_exception(exception, exception_message):
     if exception_message is None:
         raise exception()
     else:
-        raise exception(value=exception_message)
+        raise exception(exception_message)
 
 
 def timeout(seconds=None, use_signals=True, timeout_exception=TimeoutError, exception_message=None):
diff --git a/tox.ini b/tox.ini
index 9ba30b9..d66c3f5 100644
--- a/tox.ini
+++ b/tox.ini
@@ -1,6 +1,6 @@
 [tox]
 distshare={homedir}/.tox/distshare
-envlist=py{26,27,32,33,34,35,36}
+envlist=py{26,27,34,35,36}
 skip_missing_interpreters=true
 indexserver=
     pypi = https://pypi.python.org/simple
@@ -10,7 +10,7 @@ commands=
     py.test timeout_decorator tests --pep8
 deps = 
     py32: pytest<3.0
-    py{26,27,33,34,35,36}: pytest>=3.0
+    py{26,27,34,35,36}: pytest>=3.0
     pytest-pep8==1.0.6
 
 [pytest]