diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2e6700fb..ae26de46 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,13 @@
 Change Log
 ==========
 
+1.11.4
+------
+
+-   Improve back off handling when receiving `ErrorServerBusy` error messages from the server
+-   Fixed bug where `Account.root` and its children would point to the root folder of the
+    connecting account instead of the target account when connecting to other accounts.
+
 1.11.3
 ------
 
diff --git a/exchangelib/__init__.py b/exchangelib/__init__.py
index 8963107e..65f48c66 100644
--- a/exchangelib/__init__.py
+++ b/exchangelib/__init__.py
@@ -17,7 +17,7 @@
 from .version import Build, Version
 from .settings import OofSettings
 
-__version__ = '1.11.3'
+__version__ = '1.11.4'
 
 __all__ = [
     '__version__',