diff --git a/packages/coding-agent/CHANGELOG.md b/packages/coding-agent/CHANGELOG.md
index 2a08a1e3..a758cca0 100644
--- a/packages/coding-agent/CHANGELOG.md
+++ b/packages/coding-agent/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 ## [Unreleased]
 
+### Fixed
+
+- Fixed exported session markdown to render Markdown while showing HTML-like message content such as `<file name="...">...</file>` verbatim, so shared sessions match the TUI instead of letting the browser interpret message text ([#3484](https://github.com/badlogic/pi-mono/issues/3484))
+
 ## [0.68.0] - 2026-04-20
 
 ### New Features
diff --git a/packages/coding-agent/src/core/export-html/template.js b/packages/coding-agent/src/core/export-html/template.js
index 8042c1db..f03aecc3 100644
--- a/packages/coding-agent/src/core/export-html/template.js
+++ b/packages/coding-agent/src/core/export-html/template.js
@@ -1448,18 +1448,21 @@
       // INITIALIZATION
       // ============================================================
 
-      // Escape HTML tags in text (but not code blocks)
-      function escapeHtmlTags(text) {
-        return text.replace(/<(?=[a-zA-Z\/])/g, '&lt;');
-      }
-
-      // Configure marked with syntax highlighting and HTML escaping for text
+      // Configure marked with syntax highlighting and TUI-compatible HTML handling
       const strictStrikethroughRegex = /^(~~)(?=[^\s~])((?:\\.|[^\\])*?(?:\\.|[^\s~\\]))\1(?=[^~]|$)/;
 
       marked.use({
         breaks: true,
         gfm: true,
         tokenizer: {
+          // Treat HTML-like input as plain text so tags are shown verbatim,
+          // matching the TUI markdown renderer.
+          html() {
+            return undefined;
+          },
+          tag() {
+            return undefined;
+          },
           del(src) {
             const match = strictStrikethroughRegex.exec(src);
             if (!match) return undefined;
@@ -1493,10 +1496,6 @@
             }
             return `<pre><code class="hljs">${highlighted}</code></pre>`;
           },
-          // Text content: escape HTML tags
-          text(token) {
-            return escapeHtmlTags(escapeHtml(token.text));
-          },
           // Inline code: escape HTML
           codespan(token) {
             return `<code>${escapeHtml(token.text)}</code>`;