diff --git a/src/OpenTelemetry/CHANGELOG.md b/src/OpenTelemetry/CHANGELOG.md
index 33ac5c0f5f0..ad209477e62 100644
--- a/src/OpenTelemetry/CHANGELOG.md
+++ b/src/OpenTelemetry/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 ## Unreleased
 
+* Enabling `SetErrorStatusOnException` on TracerProvider will now set the
+`Status` property on Activity to `ActivityStatusCode.Error` in case of an error.
+This will be done in addition to current behavior of setting `otel.status_code`
+tag on activity.
+([#4336](https://github.com/open-telemetry/opentelemetry-dotnet/pull/4336))
+
 * Add support for configuring the
   [Base2 Exponential Bucket Histogram Aggregation](https://github.com/open-telemetry/opentelemetry-specification/blob/main/specification/metrics/sdk.md#base2-exponential-bucket-histogram-aggregation)
   using the `AddView` API. This aggregation is supported by OTLP but not yet by
diff --git a/src/OpenTelemetry/Trace/ExceptionProcessor.cs b/src/OpenTelemetry/Trace/ExceptionProcessor.cs
index 560395d9e1b..7472aa9649e 100644
--- a/src/OpenTelemetry/Trace/ExceptionProcessor.cs
+++ b/src/OpenTelemetry/Trace/ExceptionProcessor.cs
@@ -75,7 +75,11 @@ public override void OnEnd(Activity activity)
 
             if (snapshot != pointers)
             {
+                // TODO: Remove this when SetStatus is deprecated
                 activity.SetStatus(Status.Error);
+
+                // For processors/exporters checking `Status` property.
+                activity.SetStatus(ActivityStatusCode.Error);
             }
         }
     }
diff --git a/test/OpenTelemetry.Tests/Trace/TracerProviderBuilderExtensionsTest.cs b/test/OpenTelemetry.Tests/Trace/TracerProviderBuilderExtensionsTest.cs
index 252f749f4bb..4e164ea7dae 100644
--- a/test/OpenTelemetry.Tests/Trace/TracerProviderBuilderExtensionsTest.cs
+++ b/test/OpenTelemetry.Tests/Trace/TracerProviderBuilderExtensionsTest.cs
@@ -56,6 +56,7 @@ public void SetErrorStatusOnExceptionEnabled()
             }
 
             Assert.Equal(StatusCode.Error, activity.GetStatus().StatusCode);
+            Assert.Equal(ActivityStatusCode.Error, activity.Status);
         }
 
         [Fact]
@@ -84,6 +85,7 @@ public void SetErrorStatusOnExceptionDisabled()
             }
 
             Assert.Equal(StatusCode.Unset, activity.GetStatus().StatusCode);
+            Assert.Equal(ActivityStatusCode.Unset, activity.Status);
         }
 
         [Fact]