diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4aa394ac..8f8d103a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,14 @@
+0.5.0-RC2 / 2022-01-14
+===================
+
+In this version, the plugin API has been redesigned for more convenient and understandable work with multi-project 
+builds and merged reports. Also added filters for report and verification tasks.
+
+### Features
+* Added reports filtering (#17)
+* Disabled running of all test tasks for single-project Kover tasks (#114)
+* Upgraded IntelliJ Engine default version to `1.0.647`
+
 0.5.0-RC / 2021-12-24
 ===================
 
diff --git a/README.md b/README.md
index 22694cbe..72e4a873 100644
--- a/README.md
+++ b/README.md
@@ -41,7 +41,7 @@ In top-level build file:
 
 ```kotlin
 plugins {
-     id("org.jetbrains.kotlinx.kover") version "0.5.0-RC"
+     id("org.jetbrains.kotlinx.kover") version "0.5.0-RC2"
 }
 ```
 </details>
@@ -51,7 +51,7 @@ plugins {
 
 ```groovy
 plugins {
-    id 'org.jetbrains.kotlinx.kover' version '0.5.0-RC'
+    id 'org.jetbrains.kotlinx.kover' version '0.5.0-RC2'
 }
 ```
 </details>
@@ -69,7 +69,7 @@ buildscript {
     }
 
     dependencies {
-        classpath("org.jetbrains.kotlinx:kover:0.5.0-RC")
+        classpath("org.jetbrains.kotlinx:kover:0.5.0-RC2")
     }
 }
 
@@ -86,7 +86,7 @@ buildscript {
         mavenCentral()
     }
     dependencies {
-        classpath 'org.jetbrains.kotlinx:kover:0.5.0-RC'
+        classpath 'org.jetbrains.kotlinx:kover:0.5.0-RC2'
     }
 }
   
diff --git a/gradle.properties b/gradle.properties
index 827618c1..e9201eba 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-version=0.5.0-RC
+version=0.5.0-RC2
 group=org.jetbrains.kotlinx
 
 kotlin.code.style=official
diff --git a/src/functionalTest/kotlin/kotlinx/kover/test/functional/core/Builder.kt b/src/functionalTest/kotlin/kotlinx/kover/test/functional/core/Builder.kt
index c72f22e2..88309978 100644
--- a/src/functionalTest/kotlin/kotlinx/kover/test/functional/core/Builder.kt
+++ b/src/functionalTest/kotlin/kotlinx/kover/test/functional/core/Builder.kt
@@ -73,7 +73,7 @@ private class TestCaseBuilderImpl(
             state.engines += null
         }
         if (state.pluginVersion == null) {
-            state.pluginVersion = "0.5.0-RC" // TODO read from properties
+            state.pluginVersion = "0.5.0-RC2" // TODO read from properties
         }
 
         val projects: MutableMap<ProjectSlice, File> = mutableMapOf()