diff --git a/NEWS.rst b/NEWS.rst
index d55ffad..c7b0e9a 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,8 @@
+Version 0.5.0 (2019-07-18):
+ * drop Python 2 support
+ * support for metadata API, with the help of Christopher Arndt
+ * support for slow-sync clients
+
 Version 0.4.6 (2019-02-09):
  * ``midi_file_player.py`` example
 
diff --git a/src/jack.py b/src/jack.py
index ea1b041..0ce5737 100644
--- a/src/jack.py
+++ b/src/jack.py
@@ -23,7 +23,7 @@
 http://jackclient-python.readthedocs.io/
 
 """
-__version__ = '0.4.6'
+__version__ = '0.5.0'
 
 from ctypes.util import find_library as _find_library
 import errno as _errno