diff --git a/CHANGELIST b/CHANGELIST
index 6f2df169c3..07a5f0fd3f 100644
--- a/CHANGELIST
+++ b/CHANGELIST
@@ -1,3 +1,6 @@
+0.4.9 (April 25, 2012)
+  - Fix --prefix support when building gems (#213, patch by Jan Vansteenkiste)
+
 0.4.8 (April 25, 2012)
   - RPM: use 'noreplace' option for config files (#194, patch by Steve Lum)
   - Python: Fix bug around exact dependency versions (#206, patch by Lars van
diff --git a/fpm.gemspec b/fpm.gemspec
index 10d3dbbb07..10d9cb4b7f 100644
--- a/fpm.gemspec
+++ b/fpm.gemspec
@@ -10,7 +10,7 @@ Gem::Specification.new do |spec|
   files << "CHANGELIST"
 
   spec.name = "fpm"
-  spec.version = "0.4.8"
+  spec.version = "0.4.9"
   spec.summary = "fpm - package building and mangling"
   spec.description = "Convert directories, rpms, python eggs, rubygems, and " \
     "more to rpms, debs, solaris packages and more. Win at package " \