diff --git a/CHANGES.txt b/CHANGES.txt
index 5a2ad6d..2c55b17 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -1,6 +1,12 @@
 Changes
 =======
 
+4.5.4 (2019-01-15)
+------------------
+
+- Improve README and documentation
+  [aleksihakli]
+
 4.5.3 (2019-01-14)
 ------------------
 
diff --git a/axes/__init__.py b/axes/__init__.py
index 750d1f1..4b1c174 100644
--- a/axes/__init__.py
+++ b/axes/__init__.py
@@ -1,6 +1,6 @@
 from __future__ import unicode_literals
 
-__version__ = '4.5.3'
+__version__ = '4.5.4'
 
 default_app_config = 'axes.apps.AppConfig'