diff --git a/CHANGES.rst b/CHANGES.rst
index 31df274..c894a0a 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,8 +1,8 @@
 CHANGES
 =======
 
-master (unreleased)
--------------------
+2.5 (2016-04-18)
+----------------
 
 * Drop support for Python 3.2.
 
diff --git a/model_utils/__init__.py b/model_utils/__init__.py
index b26d1ec..5afa1a5 100644
--- a/model_utils/__init__.py
+++ b/model_utils/__init__.py
@@ -1,4 +1,4 @@
 from .choices import Choices
 from .tracker import FieldTracker, ModelTracker
 
-__version__ = '2.4.1a1'
+__version__ = '2.5'