diff --git a/CHANGES b/CHANGES
index be4508c..eefa1c9 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,54 @@
+2020.05.3, released October 12th, 2020
+
+	Important / security related fixes.
+
+	meson: Correct SDK cross-compilation.conf file when
+	per-package builds were used to build SDK.
+
+	systemd: Use /run rather than /var/run for PID files in units.
+
+	Toolchain: use Secure-PLT rather than BSS-PLT for PowerPC 32.
+
+	Fakeroot scripts (BR2_ROOTFS_POST_FAKEROOT_SCRIPT) are now run
+	after all finalization hooks (including pre-rootfs) to ensure
+	they can override any late configuration done by packages.
+
+	support/script/pycompile: Rework logic to ensure .pyc files
+	contain absolute target paths, fixing code inspection at
+	runtime when executed with cwd != '/'.
+
+	support/scripts/setlocalversion: Correct Mercurial output to
+	match behaviour with Git.
+
+	support/scripts/apply-patches.sh: Use patch
+	--no-backup-if-mismatch, so we no longer blindly have to
+	remove *.orig files after patching, fixing issues with
+	packages containing such files.
+
+	Updated/fixed packages: alsa-utils, apparmor, avahi,
+	bandwidthd, barebox, bash, bison, brotli, busybox, cifs-utils,
+	cryptsetup, cups, dhcpcd, dhcpdump, docker-cli, docker-engine,
+	ecryptfs-utils, efl, fail2ban, freetype, gcc, gdb,
+	ghostscript, gnutls, go, graphite2, gst1-plugins-base,
+	gst1-plugins-ugly, imagemagick, ipmitool, jbig2dec, libhtp,
+	libraw, libssh, libxml2, libxml-parser-perl, linux-headers,
+	localedef, lua, mbedtls, memcached, mesa3d, meson, minidlna,
+	mongodb, nginx, nodejs, nss-pam-ldapd, openvmtools,
+	paho-mqtt-c, php, postgresql, python, python-aenum,
+	python-django, python-engineio, python-fire, python-pymodbus,
+	python-scapy, python-semver, python-sentry-sdk,
+	python-socketio, python-texttable, python-tinyrpc,
+	python-txtorcon, python3, qt5base, rsh-redone, runc, samba4,
+	strace, supertux, suricata, systemd, uclibc, usb_modeswitch,
+	vlc, vsftpd, wayland-protocols, wireguard-linux-compat,
+	wireshark, wlroots, wolfssl, xserver_xorg-server, ympd,
+	zeromq, zstd
+
+	Issues resolved (http://bugs.uclibc.org):
+
+	#12911: usb_modeswitch installation race condition
+	#13251: cryptsetup does not work on branch 2020.02 following..
+
 2020.05.2, released August 29th, 2020
 
 	Important / security related fixes.
diff --git a/Makefile b/Makefile
index c2bf3db..5c02a8e 100644
--- a/Makefile
+++ b/Makefile
@@ -92,9 +92,9 @@
 .PHONY: all
 
 # Set and export the version string
-export BR2_VERSION := 2020.05.2
+export BR2_VERSION := 2020.05.3
 # Actual time the release is cut (for reproducible builds)
-BR2_VERSION_EPOCH = 1598724000
+BR2_VERSION_EPOCH = 1602525000
 
 # Save running make version since it's clobbered by the make package
 RUNNING_MAKE_VERSION := $(MAKE_VERSION)