diff --git a/CHANGES.rst b/CHANGES.rst
index 08efbbf24432805863181270ebc23e0b21232cdd..78c178bafd4532b9cd9f798f6fb9d288c3b4785c 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,3 +1,19 @@
+Changes in synapse 0.4.2 (2014-10-31)
+=====================================
+
+Homeserver:
+ * Fix bugs where we did not notify users of correct presence updates.
+ * Fix bug where we did not handle sub second event stream timeouts.
+
+Webclient:
+ * Add ability to click on messages to see JSON.
+ * Add ability to redact messages.
+ * Add ability to view and edit all room state JSON.
+ * Handle incoming redactions.
+ * Improve feedback on errors.
+ * Fix bugs in mobile CSS.
+ * Fix bugs with desktop notifications.
+
 Changes in synapse 0.4.1 (2014-10-17)
 =====================================
 Webclient:
diff --git a/VERSION b/VERSION
index 267577d47e497a0630bc454b3f74c4fd9a10ced4..2b7c5ae01848a77d95e2792eb83ab605c9aed91a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.1
+0.4.2
diff --git a/synapse/__init__.py b/synapse/__init__.py
index 7067188c5bdf5991ef2fb45daad82100f436c8b2..23ae5f003f51bdbb851411c9e43a11bd4101126a 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -16,4 +16,4 @@
 """ This is a reference implementation of a synapse home server.
 """
 
-__version__ = "0.4.1"
+__version__ = "0.4.2"