diff --git a/CHANGELOG.md b/CHANGELOG.md
index ba245ee4e..ed5275995 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,8 @@ Versioning](http://semver.org/spec/v2.0.0.html).
 
 ## Unreleased
 
+## [4.5.0] - 2020-01-08
+
 ### Added
 
 - Make OpenEdx E-Commerce application (_aka_ `edxec`) deployable _via_ Arnold
@@ -556,7 +558,8 @@ Versioning](http://semver.org/spec/v2.0.0.html).
 - Official Docker image is available at:
   https://hub.docker.com/r/fundocker/arnold/
 
-[unreleased]: https://github.com/openfun/arnold/compare/v4.4.0...master
+[unreleased]: https://github.com/openfun/arnold/compare/v4.5.0...master
+[4.5.0]: https://github.com/openfun/arnold/compare/v4.4.0...v4.5.0
 [4.4.0]: https://github.com/openfun/arnold/compare/v4.3.1...v4.4.0
 [4.3.1]: https://github.com/openfun/arnold/compare/v4.3.0...v4.3.1
 [4.3.0]: https://github.com/openfun/arnold/compare/v4.2.0...v4.3.0
diff --git a/VERSION b/VERSION
index fdc669880..a84947d6f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-4.4.0
+4.5.0