diff --git a/CHANGELOG.md b/CHANGELOG.md
index 287a919..9ffe7b7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,16 @@
 
 <!--next-version-placeholder-->
 
+## v0.5.0 (2023-09-01)
+
+### Feature
+
+* Added derived signals for xtreme ([`1276e1d`](https://gitlab.psi.ch/bec/ophyd_devices/-/commit/1276e1d0db44315d8e95cdf19ec32d68c7426fc8))
+
+### Fix
+
+* Added pyepics dependency ([`66d283b`](https://gitlab.psi.ch/bec/ophyd_devices/-/commit/66d283baeb30da261d0f27e73bca4c9b90d0cadd))
+
 ## v0.4.0 (2023-08-18)
 
 ### Feature
diff --git a/setup.py b/setup.py
index 7775f2f..2e11ffa 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup
 
-__version__ = "0.4.0"
+__version__ = "0.5.0"
 
 if __name__ == "__main__":
     setup(