diff --git a/CHANGELOG.md b/CHANGELOG.md
index 085fc91..c4e9dad 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,25 @@
 # Dunst changelog
 
-## Unreleased
+## 1.5.0 - 2020-07-23
 
 ### Added
+- `min_icon_size` option to automatically scale up icons to a desired value (#674)
+- `vertical_alignment` option to control the text/icon alignment within the notification (#684)
+- Ability to configure multiple actions for each mouse event (#705)
+- `dunstctl` command line control client (#651)
+- RGBA support for all color strings (#717)
+- Ability to run multiple scripts for each notification
+- `ignore_dbusclose` setting (#732)
+
+### Changed
+- `dunstify` notification client is now installed by default (#701)
+- Keyboard follow mode falls back to the monitor with the mouse if no window has keyboard focus (#708)
+
 ### Fixed
+- Overflow when setting a >=40 minute timeout (#646)
+- Unset configuration options not falling back to default values (#649)
+- Crash when `$HOME` environment variable is unset (#693)
+- Lack of antialiasing with round corners enabled (#713)
 
 ## 1.4.1 - 2019-07-03
 
diff --git a/Makefile b/Makefile
index 7fe273d..ed4dfbe 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 
 include config.mk
 
-VERSION := "1.4.1-non-git"
+VERSION := "1.5.0 (2020-07-23)"
 ifneq ($(wildcard ./.git/),)
 VERSION := $(shell ${GIT} describe --tags)
 endif
diff --git a/RELEASE_NOTES b/RELEASE_NOTES
index b68fd97..1fb5b0f 100644
--- a/RELEASE_NOTES
+++ b/RELEASE_NOTES
@@ -1,3 +1,25 @@
+===================================================================================
+Release Notes For v1.5.0
+===================================================================================
+
+For users:
+
+The most important update from the previous version is the addition of the
+dunstctl command and dunstify utility, a drop-in notify-send replacement (which
+existed for a while, but wasn't installed by default).
+The internal keyboard shortcut support in dunst is now considered deprecated
+and should be replaced by dunstctl calls. You can use the configuration of your
+WM or DE to bind these to shortcuts of your choice.
+
+Additionally, another long requested feature implemented is RGBA/transparency
+support. Given an active compositor you can now add an optional transparency
+component to all colors in #RRGGBBAA format.
+
+For maintainers:
+
+As mentioned above, two new binaries are now installed by default, dunstctl and dunstify.
+libnotify has been added as a dependency as it's used internally by dunstify.
+
 ===================================================================================
 Release Notes For v1.4.0
 ===================================================================================