diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4c7745889..9c2a38f67 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+## Rugged 0.21.4 (January 18, 2015) ##
+
+*   Update bundled libgit2 to 0.21.4.
+
+    See https://github.com/libgit2/libgit2/releases/tag/v0.21.4 for a list
+    of fixed issues.
+
+    *Arthur Schreiber*
+
+
 ## Rugged 0.21.3 (December 18, 2014) ##
 
 *   Update bundled libgit2 to 0.21.3.
diff --git a/Gemfile.lock b/Gemfile.lock
index 3153fa2ef..4ef8f3bec 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    rugged (0.21.3)
+    rugged (0.21.4)
 
 GEM
   remote: http://rubygems.org/
diff --git a/lib/rugged/version.rb b/lib/rugged/version.rb
index 2866df79e..1be84b261 100644
--- a/lib/rugged/version.rb
+++ b/lib/rugged/version.rb
@@ -1,3 +1,3 @@
 module Rugged
-  Version = VERSION = '0.21.3'
+  Version = VERSION = '0.21.4'
 end
diff --git a/vendor/libgit2 b/vendor/libgit2
index 88c8abf64..bce948481 160000
--- a/vendor/libgit2
+++ b/vendor/libgit2
@@ -1 +1 @@
-Subproject commit 88c8abf644d3d6088149cb52abff6d2b020c5bcc
+Subproject commit bce9484813ad6aa3d365b11d5f6171e7f33cbbc5