diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2621bd86..3124112d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,19 @@
 
 ### Changed
 
+## 0.3.4 Beta Release 3
+
+### Added
+
+* Ability to record uncompressed or raw video frames.
+
+### Changed
+
+* Releasing of camera resources has been made more reliable, so once the Picamera2 object has been closed it can be re-opened more reliably (optionally by other processes).
+* Logging has been revised to work better with applications already using Python logging.
+* Some reporting of, and recovery from, certain error conditions has been improved.
+* Large encoded video frames are now split automatically for streaming over UDP.
+
 ## 0.3.3 Beta Release 2
 
 ### Added
diff --git a/setup.py b/setup.py
index 905b8ffe..6e1c9cac 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
 
 setup(
     name='picamera2',
-    version='0.3.3',
+    version='0.3.4',
     description='The libcamera-based Python interface to Raspberry Pi cameras, based on the original Picamera library',
     long_description=long_description,
     long_description_content_type='text/markdown',