diff --git a/CHANGES.rst b/CHANGES.rst
index 5452e3a..a13c682 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -4,6 +4,14 @@ CHANGES
 
 .. towncrier release notes start
 
+0.5.0 (2023-11-18)
+==================
+
+- Added type annotations.
+- Added a reason message when permission is rejected.
+- Switched to ``aiohttp.web.AppKey``.
+- Reverted change in ``JWTIdentityPolicy`` so identity returns ``str``.
+
 0.4.0 (2018-09-27)
 ==================
 
diff --git a/aiohttp_security/__init__.py b/aiohttp_security/__init__.py
index 68f110f..9e9a545 100644
--- a/aiohttp_security/__init__.py
+++ b/aiohttp_security/__init__.py
@@ -5,7 +5,7 @@
 from .jwt_identity import JWTIdentityPolicy
 from .session_identity import SessionIdentityPolicy
 
-__version__ = '0.4.0'
+__version__ = '0.5.0'
 
 
 __all__ = ('AbstractIdentityPolicy', 'AbstractAuthorizationPolicy',