diff --git a/CHANGES.rst b/CHANGES.rst
index 8779ea4..ab0a6b6 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -4,6 +4,15 @@ CHANGES
 
 .. towncrier release notes start
 
+4.0.3 (2024-11-06)
+==================
+
+Misc
+----
+
+- `#423 <https://github.com/aio-libs/async-timeout/issues/423>`_
+
+
 5.0.0 (2024-10-31)
 ==================
 
diff --git a/async_timeout/__init__.py b/async_timeout/__init__.py
index 78f93f5..fe4aa58 100644
--- a/async_timeout/__init__.py
+++ b/async_timeout/__init__.py
@@ -5,7 +5,7 @@
 from typing import Optional, Type, final
 
 
-__version__ = "5.0.0"
+__version__ = "5.0.1"
 
 
 __all__ = ("timeout", "timeout_at", "Timeout")