diff --git a/CHANGELOG.md b/CHANGELOG.md
index a250334b..2bd78dca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/).
 
 ## [Unreleased]
 
+## [11.5.0] - 2023-07-03
+
 -   update latest version text file manually [#685](https://github.com/JLLeitschuh/ktlint-gradle/pull/685)
 -   ktlint 0.50.0 compatibility [#687](https://github.com/JLLeitschuh/ktlint-gradle/pull/687)
 
@@ -675,7 +677,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/).
 -   Renamed task with name `ktlint` to `ktlintCheck` (#3)
 -   Renamed tasks with names `ktlint[source set name]` to `ktlint[source set name]Check` (#3)
 
-[Unreleased]: https://github.com/JLLeitschuh/ktlint-gradle/compare/v11.4.2...HEAD
+[Unreleased]: https://github.com/JLLeitschuh/ktlint-gradle/compare/v11.5.0...HEAD
+
+[11.5.0]: https://github.com/JLLeitschuh/ktlint-gradle/compare/v11.4.2...v11.5.0
 
 [11.4.2]: https://github.com/JLLeitschuh/ktlint-gradle/compare/v11.4.1...v11.4.2
 
diff --git a/README.md b/README.md
index fd841ab2..cfcfa53f 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
 **Provides a convenient wrapper plugin over the [ktlint](https://github.com/pinterest/ktlint) project.**
 
 <!-- Note: if changing the line below, the `sed` command in the perform-release.yaml needs to be updated too -->
-Latest plugin version: [11.4.2](/CHANGELOG.md#---20230622)
+Latest plugin version: [11.5.0](/CHANGELOG.md#---20230703)
 
 [![Join the chat at https://kotlinlang.slack.com](https://img.shields.io/badge/slack-@kotlinlang/ktlint-yellow.svg?logo=slack)](https://kotlinlang.slack.com/messages/CKS3XG0LS)
 [![Build and Check](https://github.com/JLLeitschuh/ktlint-gradle/actions/workflows/build-and-check.yml/badge.svg)](https://github.com/JLLeitschuh/ktlint-gradle/actions/workflows/build-and-check.yml)
diff --git a/plugin/VERSION_CURRENT.txt b/plugin/VERSION_CURRENT.txt
index 3a3e396b..7ef69813 100644
--- a/plugin/VERSION_CURRENT.txt
+++ b/plugin/VERSION_CURRENT.txt
@@ -1 +1 @@
-11.4.2
+11.5.0