diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index a11458c8dd..96806f9494 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 70.1.1
+current_version = 70.2.0
 commit = True
 tag = True
 
diff --git a/NEWS.rst b/NEWS.rst
index a33251ec82..df3c50f6a2 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,19 @@
+v70.2.0
+=======
+
+Features
+--------
+
+- Updated distutils including significant changes to support Cygwin and mingw compilers. (#4444)
+
+
+Bugfixes
+--------
+
+- Fix distribution name normalisation (:pep:`625`) for valid versions that are
+  not canonical (e.g. ``1.0-2``). (#4434)
+
+
 v70.1.1
 =======
 
diff --git a/newsfragments/4434.bugfix.rst b/newsfragments/4434.bugfix.rst
deleted file mode 100644
index 5eeb674297..0000000000
--- a/newsfragments/4434.bugfix.rst
+++ /dev/null
@@ -1,2 +0,0 @@
-Fix distribution name normalisation (:pep:`625`) for valid versions that are
-not canonical (e.g. ``1.0-2``).
diff --git a/newsfragments/4444.feature.rst b/newsfragments/4444.feature.rst
deleted file mode 100644
index 20b30f8ca4..0000000000
--- a/newsfragments/4444.feature.rst
+++ /dev/null
@@ -1 +0,0 @@
-Updated distutils including significant changes to support Cygwin and mingw compilers.
diff --git a/pyproject.toml b/pyproject.toml
index 75a3fbdd89..00e7ee169f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ backend-path = ["."]
 
 [project]
 name = "setuptools"
-version = "70.1.1"
+version = "70.2.0"
 authors = [
 	{ name = "Python Packaging Authority", email = "distutils-sig@python.org" },
 ]