diff --git a/CHANGELOG.md b/CHANGELOG.md
index 29ec8a93..3d5d9bcc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,2 +1,11 @@
+# 1.1.0 - 21/11/2024
+* Fixed missing transitive dependencies when using universal profiling integration standalone - #423
+
+This release is based on the following upstream versions:
+
+* opentelemetry-javaagent: [2.10.0](https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/tag/v2.10.0)
+* opentelemetry-sdk: [1.44.1](https://github.com/open-telemetry/opentelemetry-java/releases/tag/v1.44.1)
+* opentelemetry-semconv: [1.28.0](https://github.com/open-telemetry/semantic-conventions-java/releases/tag/v1.28.0)
+* opentelemetry-java-contrib: [1.40.0](https://github.com/open-telemetry/opentelemetry-java-contrib/releases/tag/v1.40.0)
 # 1.0.0
 GA Release
diff --git a/CHANGELOG.next-release.md b/CHANGELOG.next-release.md
index 60b2dc7d..8b137891 100644
--- a/CHANGELOG.next-release.md
+++ b/CHANGELOG.next-release.md
@@ -1 +1 @@
-* Fixed missing transitive dependencies when using universal profiling integration standalone - #423
+
diff --git a/version.properties b/version.properties
index de652dbc..c6d0f18f 100644
--- a/version.properties
+++ b/version.properties
@@ -1 +1 @@
-version=1.1.0
+version=1.1.1-SNAPSHOT