diff --git a/README.md b/README.md
index bb61577..97758e5 100644
--- a/README.md
+++ b/README.md
@@ -2,12 +2,7 @@
 Working draft of the proposed RISC-V V vector extension.
 
 [Version 1.0](https://github.com/riscv/riscv-v-spec/releases/tag/v1.0)
-has been frozen and at this time is undergoing public review.
-Version 1.0 is considered stable enough to begin developing
-toolchains, functional simulators, and implementations, including in
-upstream software projects, and is not expected to have incompatible
-changes except if serious issues are discovered during
-ratification. Once ratified, the spec will be given version 2.0.
+has been frozen and ratified. This repository now represents work towards a future version 2.0.
 
 The _previous_ stable releases are
 [v1.0-rc2](https://github.com/riscv/riscv-v-spec/releases/tag/v1.0-rc2),