diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index b528c85..119f480 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,3 +1,15 @@
+0.5.0
+=====
+
+2015-10-24
+
+* added rudimentary password generator and strength meter
+* added 404 error pages
+* added secret restoration for admins
+* fixed revealing credit card secrets
+* fixed display of deleted secrets
+
+
 0.4.3
 =====
 
diff --git a/setup.py b/setup.py
index 04aed3c..1669078 100644
--- a/setup.py
+++ b/setup.py
@@ -8,7 +8,7 @@
 
 setup(
     name="teamvault",
-    version="0.4.3",
+    version="0.5.0",
     description="Keep your passwords behind the firewall",
     author="Torsten Rehn",
     author_email="torsten@rehn.email",
diff --git a/src/teamvault/__init__.py b/src/teamvault/__init__.py
index 66109c3..6fbb5ad 100644
--- a/src/teamvault/__init__.py
+++ b/src/teamvault/__init__.py
@@ -1,2 +1,2 @@
-VERSION = (0, 4, 3)
+VERSION = (0, 5, 0)
 VERSION_STRING = ".".join([str(v) for v in VERSION])