diff --git a/ChangeLog b/ChangeLog
index 116588be..d7e15161 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+ 2021-13-07  Tyson Andre  <tysonandre775@hotmail.com>
+    * twemproxy: version 0.5.0 release
+	  Same as 0.5.0-RC1
+
  2021-06-07  Tyson Andre  <tysonandre775@hotmail.com>
     * twemproxy: version 0.5.0-RC1 release
 	  Add 'tcpkeepalive' pool boolean config flag setting
diff --git a/configure.ac b/configure.ac
index efab66c5..0f96dbae 100644
--- a/configure.ac
+++ b/configure.ac
@@ -6,7 +6,7 @@ m4_define([NC_BUGS], [https://github.com/twitter/twemproxy/issues])
 
 # Initialize autoconf
 AC_PREREQ([2.64])
-AC_INIT([nutcracker], [NC_MAJOR.NC_MINOR.NC_PATCH-RC1], [NC_BUGS])
+AC_INIT([nutcracker], [NC_MAJOR.NC_MINOR.NC_PATCH], [NC_BUGS])
 AC_CONFIG_SRCDIR([src/nc.c])
 AC_CONFIG_AUX_DIR([config])
 AC_CONFIG_HEADERS([config.h:config.h.in])
@@ -19,7 +19,7 @@ AM_INIT_AUTOMAKE([1.9 foreign])
 AC_DEFINE(NC_VERSION_MAJOR, NC_MAJOR, [Define the major version number])
 AC_DEFINE(NC_VERSION_MINOR, NC_MINOR, [Define the minor version number])
 AC_DEFINE(NC_VERSION_PATCH, NC_PATCH, [Define the patch version number])
-AC_DEFINE(NC_VERSION_STRING, "NC_MAJOR.NC_MINOR.NC_PATCH-RC1", [Define the version string])
+AC_DEFINE(NC_VERSION_STRING, "NC_MAJOR.NC_MINOR.NC_PATCH", [Define the version string])
 
 # Checks for language
 AC_LANG([C])
diff --git a/scripts/nutcracker.spec b/scripts/nutcracker.spec
index efc0f3ae..d109c007 100644
--- a/scripts/nutcracker.spec
+++ b/scripts/nutcracker.spec
@@ -1,7 +1,7 @@
 Summary: Twitter's nutcracker redis and memcached proxy
 Name: nutcracker
 Version: 0.5.0
-Release: 0.1.rc1
+Release: 1
 
 URL: https://github.com/twitter/twemproxy/
 Source0: %{name}-%{version}.tar.gz
@@ -66,6 +66,10 @@ fi
 %config(noreplace)%{_sysconfdir}/%{name}/%{name}.yml
 
 %changelog
+* Tue Jul 06 2021 Tyson Andre  <tysonandre775@hotmail.com>
+- twemproxy: version 0.5.0 release
+- Same as 0.5.0-RC1
+
 * Tue Jul 06 2021 Tyson Andre  <tysonandre775@hotmail.com>
 - twemproxy: version 0.5.0-RC1 release
 - Add 'tcpkeepalive' pool boolean config flag setting to enable tcp keepalive (charsyam, manju)