diff --git a/CHANGES.rst b/CHANGES.rst
index 20e49fb..e1ec125 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -5,6 +5,12 @@ Here you can see the full list of changes between each SQLAlchemy-Utils release.
 
 
 
+0.5.0 (2013-03-20)
+^^^^^^^^^^^^^^^^^^
+
+- Added PhoneNumberType type decorator
+
+
 0.4.0 (2013-03-01)
 ^^^^^^^^^^^^^^^^^^
 
diff --git a/setup.py b/setup.py
index 542e54a..b1ff091 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@ class PyTest(Command):
 
 setup(
     name='SQLAlchemy-Utils',
-    version='0.4',
+    version='0.5',
     url='https://github.com/kvesteri/sqlalchemy-utils',
     license='BSD',
     author='Konsta Vesterinen',