diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index d81cb383cc..a5a53a16b1 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -4,6 +4,24 @@ Kubernetes Collection Release Notes
 
 .. contents:: Topics
 
+v5.0.0
+======
+
+Release Summary
+---------------
+
+This major release drops support for ``ansible-core<2.15``.
+
+Minor Changes
+-------------
+
+- inventory/k8s.py - Defer removal of k8s inventory plugin to version 6.0.0 (https://github.com/ansible-collections/kubernetes.core/pull/734).
+
+Breaking Changes / Porting Guide
+--------------------------------
+
+- Remove support for ``ansible-core<2.15`` (https://github.com/ansible-collections/kubernetes.core/pull/737).
+
 v4.0.0
 ======
 
diff --git a/Makefile b/Makefile
index cacb698f5d..178b7b7a92 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 # Also needs to be updated in galaxy.yml
-VERSION = 4.0.0
+VERSION = 5.0.0
 
 TEST_ARGS ?= ""
 PYTHON_VERSION ?= `python -c 'import platform; print(".".join(platform.python_version_tuple()[0:2]))'`
diff --git a/README.md b/README.md
index 8b28119b28..751fad7a82 100644
--- a/README.md
+++ b/README.md
@@ -93,7 +93,7 @@ You can also include it in a `requirements.yml` file and install it via `ansible
 ---
 collections:
   - name: kubernetes.core
-    version: 4.0.0
+    version: 5.0.0
 ```
 
 ### Installing the Kubernetes Python Library
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index 829bb72457..b780bde9ac 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -896,3 +896,16 @@ releases:
     - k8s-merge_type-removed.yml
     - module_utils-common-remove-deprecated-functions-and-class.yaml
     release_date: '2024-05-24'
+  5.0.0:
+    changes:
+      breaking_changes:
+      - Remove support for ``ansible-core<2.15`` (https://github.com/ansible-collections/kubernetes.core/pull/737).
+      minor_changes:
+      - inventory/k8s.py - Defer removal of k8s inventory plugin to version 6.0.0
+        (https://github.com/ansible-collections/kubernetes.core/pull/734).
+      release_summary: This major release drops support for ``ansible-core<2.15``.
+    fragments:
+    - 20240530-ansible-core-support-update.yaml
+    - 20240530-defer-removal-and-ansible-core-support-update.yaml
+    - 5.0.0.yml
+    release_date: '2024-05-31'
diff --git a/changelogs/fragments/20240530-ansible-core-support-update.yaml b/changelogs/fragments/20240530-ansible-core-support-update.yaml
deleted file mode 100644
index 2efafc0421..0000000000
--- a/changelogs/fragments/20240530-ansible-core-support-update.yaml
+++ /dev/null
@@ -1,3 +0,0 @@
----
-minor_changes:
-  - inventory/k8s.py - Defer removal of k8s inventory plugin to version 6.0.0 (https://github.com/ansible-collections/kubernetes.core/pull/734).
diff --git a/changelogs/fragments/20240530-defer-removal-and-ansible-core-support-update.yaml b/changelogs/fragments/20240530-defer-removal-and-ansible-core-support-update.yaml
deleted file mode 100644
index f33a1ec792..0000000000
--- a/changelogs/fragments/20240530-defer-removal-and-ansible-core-support-update.yaml
+++ /dev/null
@@ -1,3 +0,0 @@
----
-breaking_changes:
-  - Remove support for ``ansible-core<2.15`` (https://github.com/ansible-collections/kubernetes.core/pull/737).
diff --git a/docs/kubernetes.core.k8s_inventory.rst b/docs/kubernetes.core.k8s_inventory.rst
index b9299b82a8..727027408b 100644
--- a/docs/kubernetes.core.k8s_inventory.rst
+++ b/docs/kubernetes.core.k8s_inventory.rst
@@ -17,7 +17,7 @@ DEPRECATED
 ----------
 :Removed in collection release after 
 :Why: As discussed in https://github.com/ansible-collections/kubernetes.core/issues/31, we decided to
-remove the k8s inventory plugin in release 5.0.0.
+remove the k8s inventory plugin in release 6.0.0.
 
 :Alternative: Use :ref:`kubernetes.core.k8s_info <kubernetes.core.k8s_info_module>` and :ref:`ansible.builtin.add_host <ansible.builtin.add_host_module>` instead.
 
@@ -357,7 +357,7 @@ Status
 ------
 
 
-- This inventory will be removed in version 5.0.0. *[deprecated]*
+- This inventory will be removed in version 6.0.0. *[deprecated]*
 - For more information see `DEPRECATED`_.
 
 
diff --git a/galaxy.yml b/galaxy.yml
index 1f6f4e53cd..f94eab97e4 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -25,7 +25,7 @@ tags:
   - openshift
   - okd
   - cluster
-version: 4.0.0
+version: 5.0.0
 build_ignore:
   - .DS_Store
   - "*.tar.gz"