diff --git a/NEWS b/NEWS
index 6bcbcea0..c093f85f 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,14 @@
 
+Version 0.5.4
+-------------
+
+- Updates are now checked in background periodically even in applications that
+  are running for a long time.
+- HTTP caching is now disabled more aggressively.
+- Fixed handling of downloads from URLs with query parameters.
+- Includes security fixes for Expat XML parser.
+
+
 Version 0.5.3
 -------------
 
diff --git a/include/winsparkle-version.h b/include/winsparkle-version.h
index bb95ea07..613dfd5c 100644
--- a/include/winsparkle-version.h
+++ b/include/winsparkle-version.h
@@ -32,7 +32,7 @@
 
 #define WIN_SPARKLE_VERSION_MAJOR   0
 #define WIN_SPARKLE_VERSION_MINOR   5
-#define WIN_SPARKLE_VERSION_MICRO   3
+#define WIN_SPARKLE_VERSION_MICRO   4
 
 /**
     Checks if WinSparkle version is at least @a major.@a minor.@a micro.