diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 00000000..c9aef32e
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,9 @@
+# Changelog
+
+## Unreleased
+
+  - …
+
+## fluent 0.4.0 (June 13th, 2017)
+
+  - This is the first release to be listed in the CHANGELOG.
diff --git a/setup.py b/setup.py
index eb975fea..3a492153 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@
 from setuptools import setup
 
 setup(name='fluent',
-      version='0.3',
+      version='0.4.0',
       description='Localization library for expressive translations.',
       author='Mozilla',
       author_email='l10n-drivers@mozilla.org',