diff --git a/CHANGES.txt b/CHANGES.txt
index 4d44e731b..1802d5d43 100644
--- a/CHANGES.txt
+++ b/CHANGES.txt
@@ -11,8 +11,11 @@ or
 As of build 305, installation .exe files have been deprecated; see
 https://mhammond.github.io/pywin32_installers.html.
 
-Coming in build 306, as yet unreleased
+Coming in build 307, as yet unreleased
 --------------------------------------
+
+Build 306, released 2023-03-26
+------------------------------
 * Add GetSystemPowerStatus (#2010, @CristiFati)
 
 * Add CascadeWindows (#1999, @CristiFati)
diff --git a/README.md b/README.md
index b577d3da3..6e0f546ee 100644
--- a/README.md
+++ b/README.md
@@ -108,11 +108,12 @@ configuration, please [open an issue](https://github.com/mhammond/pywin32/issues
 The following steps are performed when making a new release - this is mainly
 to form a checklist so mhammond doesn't forget what to do :)
 
-* Ensure CHANGES.txt has everything worth noting, commit it.
+* Ensure CHANGES.txt has everything worth noting. Update the header to reflect
+  the about-to-be released build and date, commit it.
 
 * Update setup.py with the new build number.
 
-* Execute build.bat, wait forever, test the artifacts.
+* Execute `make.bat`, wait forever, test the artifacts.
 
 * Upload .whl artifacts to pypi - we do this before pushing the tag because they might be
   rejected for an invalid `README.md`. Done via `py -3.? -m twine upload dist/*XXX*.whl`.
diff --git a/setup.py b/setup.py
index 29a31ffcb..f249b2d74 100644
--- a/setup.py
+++ b/setup.py
@@ -1,4 +1,4 @@
-build_id = "305.1"  # may optionally include a ".{patchno}" suffix.
+build_id = "306"  # may optionally include a ".{patchno}" suffix.
 
 __doc__ = """This is a distutils setup-script for the pywin32 extensions.