diff --git a/NEWS b/NEWS
index 40ca2da66..2f9d4ad00 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,11 @@
+40.alpha.1.1
+============
+* Adapt to settings moving to gsettings-desktop-schemas [Carlos; !1416]
+* Misc. bug fixes and cleanups [Georges; !1667]
+
+Contributors:
+  Carlos Garnacho, Georges Basile Stavracas Neto
+
 40.alpha.1
 ==========
 * Base ClutterEffects on ClutterPaintNodes [Georges; !1340, !1355]
diff --git a/meson.build b/meson.build
index 5b4be8081..552e68e53 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('mutter', 'c',
-  version: '40.beta',
+  version: '40.alpha.1.1',
   meson_version: '>= 0.51.0',
   license: 'GPLv2+'
 )