diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 3836b292..990fd366 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -3,11 +3,16 @@
 Unreleased
 ==========
 
+.. _changelog-5.0.0:
+
+5.0.0 — 2024-02-02
+==================
+
 🔧 Changed
 -----------
-- Added deprecation warnings for pyodbc and trubodbc dialects
-- Made websockets the default way to use sqlalchemy with exasol
 - Made pydobc an optional dependency
+- Made websockets the default way to use sqlalchemy with exasol
+- Added deprecation warnings for pyodbc and trubodbc dialects
 
 🧰 Internal
 -----------
diff --git a/pyproject.toml b/pyproject.toml
index 6928c6ce..b39b1e0d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -10,7 +10,7 @@ packages = [
     { include = "sqlalchemy_exasol" },
     { include = "exasol" }
 ]
-version = "4.6.3"
+version = "5.0.0"
 description = "EXASOL dialect for SQLAlchemy"
 readme = "README.rst"
 authors = [
diff --git a/sqlalchemy_exasol/version.py b/sqlalchemy_exasol/version.py
index 4c50ecbe..9d84efb9 100644
--- a/sqlalchemy_exasol/version.py
+++ b/sqlalchemy_exasol/version.py
@@ -2,8 +2,8 @@
 # This file is generated, do not edit it manually!
 # If you need to change the version, do so in the project.toml, e.g. by using `poetry version X.Y.Z`.
 
-MAJOR = 4
-MINOR = 6
-PATCH = 3
+MAJOR = 5
+MINOR = 0
+PATCH = 0
 
 VERSION = f"{MAJOR}.{MINOR}.{PATCH}"