diff --git a/CHANGELOG b/CHANGELOG
index a0b3077..1602537 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,8 @@
+Version 0.4.0 (2022-11-23)
+--------------------------
+Increase memory allocation for application (#21)
+Bump app_version to 3.6.0 (#22)
+
 Version 0.3.1 (2022-05-13)
 --------------------------
 Ensure telemetry can be disabled without breaking configuration file (#18)
diff --git a/main.tf b/main.tf
index 7819aa8..0de7e94 100644
--- a/main.tf
+++ b/main.tf
@@ -1,6 +1,6 @@
 locals {
   module_name    = "enrich-kinesis-ec2"
-  module_version = "0.3.1"
+  module_version = "0.4.0"
 
   app_name    = "enrich-kinesis"
   app_version = "3.6.0"