diff --git a/RELEASE.md b/RELEASE.md
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+## 0.45.4 - 2024-09-02
+
+### Features
+
+- Handle expressions such as  S \in SUBSET T  in ExprOptimizer by rewriting the expression into  \A r \in S: r \in T
+
+### Bug fixes
+
+- Better error reporting for hitting the limits of `SUBSET` expansion, see #2969
+- Fix truncation of SMT logs, see #2962
diff --git a/VERSION b/VERSION
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--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.45.4-SNAPSHOT
+0.45.4