diff --git a/CHANGELOG.md b/CHANGELOG.md
index dc49a0905b..5d4d531498 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,12 +1,8 @@
 # Changelog
 
-## Unreleased
+## 4.0.1
 
-Release date: YYYY-MM-DD
-
-Code freeze date: YYYY-MM-DD
-
-### Description
+Release date: 2023-09-27
 
 ### Dependency Changes
 
@@ -23,8 +19,6 @@ Removed:
 
 - `matplotlib` >=3.7
 
-### Added
-
 ### Changed
 
 - Rearranged file-system structure: `data` directory moved into `climada` package directory. [#781](https://github.com/CLIMADA-project/climada_python/pull/781)
@@ -33,10 +27,6 @@ Removed:
 
 - `climada.util.coordinates.get_country_code` bug, occurring with non-standard longitudinal coordinates around the anti-meridian. [#770](https://github.com/CLIMADA-project/climada_python/issues/770)
 
-### Deprecated
-
-### Removed
-
 ## 4.0.0
 
 Release date: 2023-09-01
diff --git a/climada/_version.py b/climada/_version.py
index d6497a814c..1a3bef5327 100644
--- a/climada/_version.py
+++ b/climada/_version.py
@@ -1 +1 @@
-__version__ = '4.0.0'
+__version__ = '4.0.1'
diff --git a/setup.py b/setup.py
index 7cccbdad96..82dd437c05 100644
--- a/setup.py
+++ b/setup.py
@@ -33,7 +33,7 @@
 setup(
     name='climada',
 
-    version='4.0.1-dev',
+    version='4.0.1',
 
     description='CLIMADA in Python',