diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4d007aff1..bd09f7641 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,16 @@
 All notable changes to this project will be documented in this file.  
 This project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
-A list of unreleased changes can be found [here](https://github.com/SAP/ui5-builder/compare/v2.4.5...HEAD).
+A list of unreleased changes can be found [here](https://github.com/SAP/ui5-builder/compare/v2.5.0...HEAD).
+
+<a name="v2.5.0"></a>
+## [v2.5.0] - 2020-12-14
+### Bug Fixes
+- **manifestCreator:** Add component path to error logs [`049b9ee`](https://github.com/SAP/ui5-builder/commit/049b9ee22f8bf6c1bb41f9ba32be65a8fce38f23)
+
+### Features
+- **ApplicationFormatter:** Implement manifest.appdescr_variant fallback ([#545](https://github.com/SAP/ui5-builder/issues/545)) [`6d44481`](https://github.com/SAP/ui5-builder/commit/6d44481ad3668758d4c008d28b11cb47ca6bbee1)
+
 
 <a name="v2.4.5"></a>
 ## [v2.4.5] - 2020-11-30
@@ -473,6 +482,7 @@ to load the custom bundle file instead.
 - Add ability to configure component preloads and custom bundles [`2241e5f`](https://github.com/SAP/ui5-builder/commit/2241e5ff98fd95f1f80cc74959655ae7a9c660e7)
 
 
+[v2.5.0]: https://github.com/SAP/ui5-builder/compare/v2.4.5...v2.5.0
 [v2.4.5]: https://github.com/SAP/ui5-builder/compare/v2.4.4...v2.4.5
 [v2.4.4]: https://github.com/SAP/ui5-builder/compare/v2.4.3...v2.4.4
 [v2.4.3]: https://github.com/SAP/ui5-builder/compare/v2.4.2...v2.4.3
diff --git a/package-lock.json b/package-lock.json
index 9731783b5..4cc23b907 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "@ui5/builder",
-	"version": "2.4.5",
+	"version": "2.5.0",
 	"lockfileVersion": 1,
 	"requires": true,
 	"dependencies": {
diff --git a/package.json b/package.json
index 1250afcd7..35dbcb634 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@ui5/builder",
-	"version": "2.4.5",
+	"version": "2.5.0",
 	"description": "UI5 Tooling - Builder",
 	"author": {
 		"name": "SAP SE",