diff --git a/DESCRIPTION b/DESCRIPTION
index 4a15d3aa..37927516 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: r2dii.plot
 Title: Visualize the Climate Scenario Alignment of a Financial Portfolio
-Version: 0.3.1.9000
+Version: 0.4.0
 Authors@R: 
     c(person(given = "Monika",
              family = "Furdyna",
diff --git a/NEWS.md b/NEWS.md
index cd394456..0ce7661c 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# r2dii.plot (development version)
+# r2dii.plot 0.4.0
 
 ## Breaking changes