diff --git a/ChangeLog b/ChangeLog
index 7f8f9945..bc551ac0 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,13 @@
+2014-03-08
+
+        * Release v0.4.0
+        * color settings panel
+        * wallpaper settings panel
+        * load themes from ~/.config/terminology/themes/
+        * better default configuration
+        * improve terminal compatibility
+        * bug fixes
+
 2013-12-07
 
         * Release v0.4.0
diff --git a/NEWS b/NEWS
index c97eb317..efcdad2d 100644
--- a/NEWS
+++ b/NEWS
@@ -1,7 +1,24 @@
 =================
-Terminology 0.4.0
+Terminology 0.5.0
 =================
 
+Changes since 0.4.0:
+--------------------
+
+Additions:
+    * Color settings panel
+    * Wallpaper settings panel
+    * Load themes from ~/.config/terminology/themes/
+    * Add a new theme: base16_ocean_dark
+
+Improvements:
+    * Better default configuration
+    * Improve terminal compatibility
+
+Fixes:
+    * Many bugs fixes
+
+
 Changes since 0.3.0:
 --------------------
 
diff --git a/README b/README
index 57c65218..a3a0fa9d 100644
--- a/README
+++ b/README
@@ -1,4 +1,4 @@
-Terminology 0.4.0
+Terminology 0.5.0
 
 ******************************************************************************
 
diff --git a/configure.ac b/configure.ac
index 55e5b5b8..3afc656d 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ dnl Process this file with autoconf to produce a configure script.
 # get rid of that stupid cache mechanism
 rm -f config.cache
 
-AC_INIT([terminology], [0.4.99], [enlightenment-devel@lists.sourceforge.net])
+AC_INIT([terminology], [0.5.0], [enlightenment-devel@lists.sourceforge.net])
 AC_PREREQ([2.60])
 AC_CONFIG_SRCDIR([configure.ac])
 AC_CONFIG_MACRO_DIR([m4])
diff --git a/man/terminology.1 b/man/terminology.1
index d54b3c34..1b20f6b0 100644
--- a/man/terminology.1
+++ b/man/terminology.1
@@ -1,5 +1,5 @@
 .\" Manpage for Terminology
-.TH man 1 "18 Nov 2013" "0.4" "Terminology man page"
+.TH man 1 "08 Mar 2014" "0.5" "Terminology man page"
 .SH NAME
 Terminology \- Terminal Emulator written with EFL (Enlightenment Foundation Libraries).
 .SH SYNOPSIS