diff --git a/RELEASE.md b/RELEASE.md
new file mode 100644
index 0000000000..3b3dbac7b0
--- /dev/null
+++ b/RELEASE.md
@@ -0,0 +1,5 @@
+## 0.47.0 - 2024-10-02
+
+### Breaking changes
+
+- Downgrade z3 to 4.12.6, due to instability of 4.13.0
diff --git a/VERSION b/VERSION
index 43c513c63b..421ab545d9 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.46.3-SNAPSHOT
+0.47.0