diff --git a/packages/react-components/CHANGELOG.md b/packages/react-components/CHANGELOG.md
index fec698b..04ee392 100644
--- a/packages/react-components/CHANGELOG.md
+++ b/packages/react-components/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [0.5.0] - 2024-03-13
 
 ### Changed
 
diff --git a/packages/react-components/package.json b/packages/react-components/package.json
index c76ef12..901152a 100644
--- a/packages/react-components/package.json
+++ b/packages/react-components/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@concordium/react-components",
-    "version": "0.4.0",
+    "version": "0.5.0",
     "description": "Utility library of React components for building dApps that interact with the Concordium blockchain.",
     "author": "Concordium Software",
     "license": "Apache-2.0",
diff --git a/packages/wallet-connectors/CHANGELOG.md b/packages/wallet-connectors/CHANGELOG.md
index ffd6fbf..d4d76eb 100644
--- a/packages/wallet-connectors/CHANGELOG.md
+++ b/packages/wallet-connectors/CHANGELOG.md
@@ -5,7 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [0.5.0] - 2024-03-13
 
 ### Added