diff --git a/CHANGELOG.md b/CHANGELOG.md
index ce4aaa3ac..365a07dd4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,14 @@
 
 - tbd
 
+### Version 0.3.0 (2023-12-13)
+
+- Update
+  to [opentelemetry-java-instrumentation 1.32.0](https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/tag/v1.32.0)
+- Update
+  to [opentelemetry-java sdk 1.33.0](https://github.com/open-telemetry/opentelemetry-java/releases/tag/v1.33.0)
+- Stabilizing support for okhttp automatic build-time instrumentation (#159)
+
 ### Version 0.2.0 (2023-10-20)
 
 This is a regular monthly cadence release, which follows the releases of
diff --git a/gradle.properties b/gradle.properties
index c4b42b0a9..549adb036 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -20,5 +20,5 @@ android.minSdk=21
 android.targetSdk=23
 android.compileSdk=34
 
-version=0.3.0
+version=0.4.0
 group=io.opentelemetry.android