The present paper attempts to provide an exact truthmaker semantical analysis of modalized propositions. According to the present proposal, an exact truthmaker for “Necessarily P” is a state that bans every exact truthmaker for “Not P”, and an exact truthmaker for “Possibly P” is a state that allows an exact truthmaker for P. Based on this proposal, a formal semantics will be developed; and the soundness and completeness results for a well-known family of the systems of normal modal propositional logic will be established. It shall be seen that the present analysis offers an exactification of the standard Kripke semantics in the sense that it analyzes the accessibility relation between possible worlds in terms of the banning and allowing relations between the constituent states, and thereby gives an account of “truth at a possible world” in terms of exact truthmaking.