diff --git a/CHANGELOG.md b/CHANGELOG.md
index f65cb6a6..1d1df538 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,16 @@
 
 <!--next-version-placeholder-->
 
+## v0.5.0 (2020-12-11)
+### Feature
+* Retry provisioning strategy ([`3683d3c`](https://github.com/neoave/mrack/commit/3683d3c20f917f57de7f88d0b3e9e4fea5ff0398))
+
+### Fix
+* Openstack: log which server is being provisioned ([`d89aa5d`](https://github.com/neoave/mrack/commit/d89aa5d20192c75560f7bb0beffb3027b0431a47))
+* Pytest-multihost: handle unresolvable IP into DNS ([`56c716e`](https://github.com/neoave/mrack/commit/56c716ec910028604e2ecaf42124e7e1f6061324))
+* Fix making ssh_key_filename absolute for default behavior. ([`6b5ea95`](https://github.com/neoave/mrack/commit/6b5ea951f132336fcde50b53a97c7b4338eb0099))
+* Remove double status translation in parse_errors ([`e5da9cd`](https://github.com/neoave/mrack/commit/e5da9cd6403d67f75d429b3207e11555dd90e437))
+
 ## v0.4.0 (2020-12-07)
 ### Feature
 * Output file paths configurable in mrack config ([`1761baf`](https://github.com/neoave/mrack/commit/1761baf1da0c75e8bb86ec423e3b563bdfb18871))
diff --git a/docs/conf.py b/docs/conf.py
index 99803373..bf37e011 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -22,7 +22,7 @@
 author = "Petr Vobornik"
 
 # The full version, including alpha/beta/rc tags
-release = "0.4.0"
+release = "0.5.0"
 
 # to work with ReadTheDocs which is using version < 2.0
 master_doc = 'index'
diff --git a/src/mrack/__init__.py b/src/mrack/__init__.py
index 8ff64a74..7f6fc74a 100644
--- a/src/mrack/__init__.py
+++ b/src/mrack/__init__.py
@@ -1,5 +1,5 @@
 """mrack library."""
-__version__ = "0.4.0"
+__version__ = "0.5.0"
 
 import logging