diff --git a/NEWS b/NEWS
index a1f0a30..63dad40 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,13 @@
 This file lists notable changes in each release. For the full history of all
 changes, see ChangeLog.
 
+version 0.5.0:
+- Don't use a device name if there's only one reader
+- Avoid possible crash when trying to login without devices
+- Fix possible crashes due to uninitialised variables
+- Fix hang when the machine has no USB bus
+- Add a systemd unit file
+
 version 0.4.1:
 - Enable gtk-doc by default so that file aren't
   missing in the tarball
diff --git a/configure.ac b/configure.ac
index 23a7064..c6bd765 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,4 +1,4 @@
-AC_INIT([fprintd], [0.4.1])
+AC_INIT([fprintd], [0.5.0])
 AM_INIT_AUTOMAKE([1.11 dist-bzip2 no-dist-gzip check-news])
 AC_CONFIG_SRCDIR([src/main.c])
 AC_CONFIG_HEADERS([config.h])