diff --git a/CHANGES.rst b/CHANGES.rst
index 9d6b3f7..65c0819 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,6 +2,16 @@
 CHANGES
 =======
 
+0.5.0 (2023-10-28)
+------------------
+
+ - support MIFF for 16 bit CMYK input
+ - accept pathlib.Path objects as input
+ - don't store RGB ICC profiles from bilevel or grayscale TIFF, PNG and JPEG
+ - thumbnails are no longer included by default and --include-thumbnails has to
+   be used if you want them
+ - support for pikepdf (>= 6.2.0)
+
 0.4.4 (2022-04-07)
 ------------------
 
diff --git a/setup.py b/setup.py
index 57a34af..ef13176 100644
--- a/setup.py
+++ b/setup.py
@@ -1,7 +1,7 @@
 import sys
 from setuptools import setup
 
-VERSION = "0.4.4"
+VERSION = "0.5.0"
 
 INSTALL_REQUIRES = (
     "Pillow",
diff --git a/src/img2pdf.py b/src/img2pdf.py
index 82d3c4c..036232b 100755
--- a/src/img2pdf.py
+++ b/src/img2pdf.py
@@ -62,7 +62,7 @@ try:
 except ImportError:
     have_pikepdf = False
 
-__version__ = "0.4.4"
+__version__ = "0.5.0"
 default_dpi = 96.0
 papersizes = {
     "letter": "8.5inx11in",