diff --git a/CHANGES.rst b/CHANGES.rst
index bef385bc58c..c49f51e0f92 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,3 +1,10 @@
+v34.2
+-----
+
+* #968: Allow '+' and '!' in egg fragments
+  so that it can take package names that contain
+  PEP 440 conforming version specifiers.
+
 v34.1.1
 -------
 
diff --git a/setup.cfg b/setup.cfg
index 211e5601e8b..125dd577ef2 100755
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 34.1.1
+current_version = 34.2
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index 85ded0c2219..ca6ac2adf17 100755
--- a/setup.py
+++ b/setup.py
@@ -88,7 +88,7 @@ def pypi_link(pkg_filename):
 
 setup_params = dict(
     name="setuptools",
-    version="34.1.1",
+    version="34.2",
     description="Easily download, build, install, upgrade, and uninstall "
         "Python packages",
     author="Python Packaging Authority",