diff --git a/CHANGELOG b/CHANGELOG
index 6c442c05..da7b6178 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,5 +1,5 @@
-Development Version
--------------------
+Release 0.5.0 (Apr 13, 2024)
+----------------------------
 
 Notable Changes
 
diff --git a/sqlparse/__init__.py b/sqlparse/__init__.py
index b80b2d60..17b4b525 100644
--- a/sqlparse/__init__.py
+++ b/sqlparse/__init__.py
@@ -16,7 +16,7 @@
 from sqlparse import formatter
 
 
-__version__ = '0.5.0.dev0'
+__version__ = '0.5.0'
 __all__ = ['engine', 'filters', 'formatter', 'sql', 'tokens', 'cli']