diff --git a/NEWS b/NEWS
index c2b7b513c3..a976f7847a 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-libgphoto2 2.5.30.1 development snapshot
+libgphoto2 2.5.31 release
 
 pentax:
 * added Pentax KP id
diff --git a/configure.ac b/configure.ac
index 20ede0c6e0..d3b7125ecf 100644
--- a/configure.ac
+++ b/configure.ac
@@ -6,7 +6,7 @@ dnl       So lastversion.X.trunk for instance. Bump X if necessary.
 
 dnl ******* THE NEXT RELEASE VERSION MUST BE 2.5.31 at least or higher!
 AC_INIT([libgphoto2 photo camera library],
-        [2.5.30.1],
+        [2.5.31],
         [gphoto-devel@lists.sourceforge.net],
         [libgphoto2])