diff --git a/NEWS b/NEWS
index f3e280e78..175e77d1a 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,16 @@
+3.4.0
+=====
+* Fix crash when a full-screen window is opened [Jasper; #672797]
+* Fix memory leaks [Pavel; #672640]
+
+Contributors:
+ Jasper St. Pierre, Pavel Vasin
+
+Translations:
+ Marek Černocký, Petr Kovar [cz], Bruno Brouard [fr], Sweta Kothari [gu],
+ Yaron Shahrabani [he], Changwoo Ryu [kr], Enrico Nicoletto [pt_BR],
+ Yuri Myasoedov [ru], Muhammet Kara [tr], Nguyễn Thái Ngọc Duy [vi]
+
 3.3.92
 ======
 * Automaximize large windows on map [Adel; #671677]
diff --git a/configure.in b/configure.in
index 8b28dcbf4..4b7c474e6 100644
--- a/configure.in
+++ b/configure.in
@@ -1,8 +1,8 @@
 AC_PREREQ(2.50)
 
 m4_define([mutter_major_version], [3])
-m4_define([mutter_minor_version], [3])
-m4_define([mutter_micro_version], [92])
+m4_define([mutter_minor_version], [4])
+m4_define([mutter_micro_version], [0])
 
 m4_define([mutter_version],
           [mutter_major_version.mutter_minor_version.mutter_micro_version])