diff --git a/CHANGELIST b/CHANGELIST
index 02798a8920..0c17050593 100644
--- a/CHANGELIST
+++ b/CHANGELIST
@@ -1,3 +1,11 @@
+0.4.21 (November 8, 2012)
+  - gem: remove restriction on expected gem names (#287)
+  - add --directory flag; lets you mark a directory as being owned by a
+    package. (#260, #245, patch by ajf8)
+  - deb: don't include a version in the Provides field (#280)
+  - gem: if the version is '1.1' make it imply '1.1.0' (#269, patch by 
+    Radim Marek)
+
 0.4.20 (October 5, 2012)
   - python: only specify --install-{scripts,lib,data} flags to setup.py if
     they were given on the command line to fpm. Fixes #273.
diff --git a/fpm.gemspec b/fpm.gemspec
index 2068f18d8f..c0b30fabe8 100644
--- a/fpm.gemspec
+++ b/fpm.gemspec
@@ -10,7 +10,7 @@ Gem::Specification.new do |spec|
   files << "CHANGELIST"
 
   spec.name = "fpm"
-  spec.version = "0.4.20"
+  spec.version = "0.4.21"
   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 " \