diff --git a/ChangeLog b/ChangeLog
index 0aa1455d..4e5cf105 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,12 @@
+ver 0.49:
+	Fix issue with missing signal on context removal.
+	Fix issue with missing cleanup for GPRS interfaces.
+	Fix issue with online setting when not powered.
+	Fix issue with memory leak in GAtChat notifiers.
+	Fix issue with PPP Protocol-Reject packet handling.
+	Add support for PPP escape sequence handling.
+	Add support for initial SMS handling for CDMA.
+
 ver 0.48:
 	Fix issue with crash due to not stopped PPP timers.
 	Fix issue with offline mode handling and Huawei modem.
diff --git a/configure.ac b/configure.ac
index 35a59ebe..2789fb91 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ(2.60)
-AC_INIT(ofono, 0.48)
+AC_INIT(ofono, 0.49)
 
 AM_INIT_AUTOMAKE([foreign subdir-objects])
 AM_CONFIG_HEADER(config.h)