diff --git a/Lib/test/test_compile.py b/Lib/test/test_compile.py
index ae23aea08d9..219314b5ce3 100644
--- a/Lib/test/test_compile.py
+++ b/Lib/test/test_compile.py
@@ -502,6 +502,33 @@ def test_compile_invalid_namedexpr(self):
         with self.assertRaisesRegex(TypeError, "NamedExpr target must be a Name"):
             compile(ast.fix_missing_locations(m), "<file>", "exec")
 
+    def test_compile_redundant_jumps_and_nops_after_moving_cold_blocks(self):
+        # See gh-120367
+        code=textwrap.dedent("""
+            try:
+                pass
+            except:
+                pass
+            else:
+                match name_2:
+                    case b'':
+                        pass
+            finally:
+                something
+            """)
+
+        tree = ast.parse(code)
+
+        # make all instructions locations the same to create redundancies
+        for node in ast.walk(tree):
+            if hasattr(node,"lineno"):
+                 del node.lineno
+                 del node.end_lineno
+                 del node.col_offset
+                 del node.end_col_offset
+
+        compile(ast.fix_missing_locations(tree), "<file>", "exec")
+
     def test_compile_ast(self):
         fname = __file__
         if fname.lower().endswith('pyc'):
diff --git a/Misc/NEWS.d/next/Core and Builtins/2024-06-12-18-50-29.gh-issue-120367.LmXx2y.rst b/Misc/NEWS.d/next/Core and Builtins/2024-06-12-18-50-29.gh-issue-120367.LmXx2y.rst
new file mode 100644
index 00000000000..2d7212a66f7
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2024-06-12-18-50-29.gh-issue-120367.LmXx2y.rst	
@@ -0,0 +1,2 @@
+Fix crash in compiler on code with redundant NOPs and JUMPs which show up
+after exception handlers are moved to the end of the code.
diff --git a/Python/flowgraph.c b/Python/flowgraph.c
index aed694aee91..6f30dfcd33e 100644
--- a/Python/flowgraph.c
+++ b/Python/flowgraph.c
@@ -1857,6 +1857,22 @@ optimize_basic_block(PyObject *const_cache, basicblock *bb, PyObject *consts)
 
 static int resolve_line_numbers(cfg_builder *g, int firstlineno);
 
+static int
+remove_redundant_nops_and_jumps(cfg_builder *g)
+{
+    int removed_nops, removed_jumps;
+    do {
+        /* Convergence is guaranteed because the number of
+         * redundant jumps and nops only decreases.
+         */
+        removed_nops = remove_redundant_nops(g);
+        RETURN_IF_ERROR(removed_nops);
+        removed_jumps = remove_redundant_jumps(g);
+        RETURN_IF_ERROR(removed_jumps);
+    } while(removed_nops + removed_jumps > 0);
+    return SUCCESS;
+}
+
 /* Perform optimizations on a control flow graph.
    The consts object should still be in list form to allow new constants
    to be appended.
@@ -1878,17 +1894,7 @@ optimize_cfg(cfg_builder *g, PyObject *consts, PyObject *const_cache, int firstl
     }
     RETURN_IF_ERROR(remove_redundant_nops_and_pairs(g->g_entryblock));
     RETURN_IF_ERROR(remove_unreachable(g->g_entryblock));
-
-    int removed_nops, removed_jumps;
-    do {
-        /* Convergence is guaranteed because the number of
-         * redundant jumps and nops only decreases.
-         */
-        removed_nops = remove_redundant_nops(g);
-        RETURN_IF_ERROR(removed_nops);
-        removed_jumps = remove_redundant_jumps(g);
-        RETURN_IF_ERROR(removed_jumps);
-    } while(removed_nops + removed_jumps > 0);
+    RETURN_IF_ERROR(remove_redundant_nops_and_jumps(g));
     assert(no_redundant_jumps(g));
     return SUCCESS;
 }
@@ -2358,7 +2364,7 @@ push_cold_blocks_to_end(cfg_builder *g) {
     b->b_next = cold_blocks;
 
     if (cold_blocks != NULL) {
-        RETURN_IF_ERROR(remove_redundant_jumps(g));
+        RETURN_IF_ERROR(remove_redundant_nops_and_jumps(g));
     }
     return SUCCESS;
 }