diff --git a/CHANGELOG.md b/CHANGELOG.md
index fddb3e487ec..3f29c547035 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+Changes in [34.2.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v34.2.0) (2024-07-30)
+==================================================================================================
+## 🐛 Bug Fixes
+
+* Element-R: detect "withheld key" UTD errors, and mark them as such ([#4302](https://github.com/matrix-org/matrix-js-sdk/pull/4302)). Contributed by @richvdh.
+
+
 Changes in [34.1.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v34.1.0) (2024-07-16)
 ==================================================================================================
 ## ✨ Features
diff --git a/package.json b/package.json
index 8f094bbed6e..16ea3e907b1 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "matrix-js-sdk",
-    "version": "34.2.0-rc.0",
+    "version": "34.2.0",
     "description": "Matrix Client-Server SDK for Javascript",
     "engines": {
         "node": ">=20.0.0"