diff --git a/NEWS b/NEWS
index b146f6a6f..0ace191bf 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,44 @@
+Overview of changes leading to 5.0.0
+Saturday, July 23, 2022
+====================================
+- Support fonts with more than 65535 glyphs in “GDEF”, “GSUB”, and “GPOS”
+  tables. This is part of https://github.com/be-fonts/boring-expansion-spec to
+  extend OpenType in a backward-compatible way.
+  (Behdad Esfahbod, Garret Rieger)
+- Complete support for more than 65535 glyphs in “glyf” table that started in
+  4.0.0 release. Part of boring-expansion-spec. (Behdad Esfahbod)
+- Support version 2 of “avar” table. Part of boring-expansion-spec.
+  (Behdad Esfahbod)
+- Fix mark attachment on multiple substitutions in some cases.
+  (Behdad Esfahbod)
+- Fix application of “calt”, “rclt”, and “ccmp” features to better match
+  Uniscribe behaviour with some Arabic fonts. (Behdad Esfahbod)
+- Improvement to interaction between multiple cursive attachments.
+  (Behdad Esfahbod)
+- Improve multiple mark interactions in Hebrew. (Behdad Esfahbod)
+- Implement language-specific forms in AAT shaping. (Behdad Esfahbod)
+- Fix variation of “VORG” table. (Behdad Esfahbod)
+- Support for specific script tags to be retained in the subsetter, and add
+  “--layout-scripts” option to “hb-subset” tool. (Garret Rieger)
+- Accept space as delimiter for --features/--variations in command line tools.
+- Improve subsetting of “COLR” table. (Qunxin Liu)
+- Improved fuzzing coverage for ot-math API. (Frédéric Wang)
+- Fix “kern” table version 2 (AAT) sanitization on 32-bit systems.
+  (Behdad Esfahbod)
+- Allow negative glyph advances from “graphite2” shaper. (Stephan Bergmann)
+- Implement loading (color) bitmap fonts with hb-ft. (Behdad Esfahbod)
+- Fix regression in hb-ft when changing font size. (Behdad Esfahbod)
+- Fix build on GCC < 7. (Kleis Auke Wolthuizen)
+- Dynamically load dwrite.dll on windows if “directwrite” shaper is enabled.
+  (Luca Bacci)
+- Provide a single-file harfbuzz-subset.cc file for easier alternate building
+  of hb-subset library, similar to harfbuzz.cc. (Khaled Hosny)
+
+- New API
++HB_SUBSET_SETS_LAYOUT_SCRIPT_TAG
++hb_language_matches()
+
+
 Overview of changes leading to 4.4.1
 Wednesday, June 29, 2022
 ====================================
diff --git a/configure.ac b/configure.ac
index aec960090..c880bfad0 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.64])
 AC_INIT([HarfBuzz],
-        [4.4.1],
+        [5.0.0],
         [https://github.com/harfbuzz/harfbuzz/issues/new],
         [harfbuzz],
         [http://harfbuzz.org/])
diff --git a/docs/harfbuzz-docs.xml b/docs/harfbuzz-docs.xml
index 00a198aa0..da1d8e864 100644
--- a/docs/harfbuzz-docs.xml
+++ b/docs/harfbuzz-docs.xml
@@ -117,6 +117,7 @@
       <index id="api-index-full"><title>API Index</title><xi:include href="xml/api-index-full.xml"><xi:fallback /></xi:include></index>
       <index id="deprecated-api-index" role="deprecated"><title>Index of deprecated API</title><xi:include href="xml/api-index-deprecated.xml"><xi:fallback /></xi:include></index>
 
+      <index id="api-index-5-0-0" role="5.0.0"><title>Index of new symbols in 5.0.0</title><xi:include href="xml/api-index-5.0.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-4-4-0" role="4.4.0"><title>Index of new symbols in 4.4.0</title><xi:include href="xml/api-index-4.4.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-4-3-0" role="4.3.0"><title>Index of new symbols in 4.3.0</title><xi:include href="xml/api-index-4.3.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-4-2-0" role="4.2.0"><title>Index of new symbols in 4.2.0</title><xi:include href="xml/api-index-4.2.0.xml"><xi:fallback /></xi:include></index>
diff --git a/meson.build b/meson.build
index d6a206e25..751b2c632 100644
--- a/meson.build
+++ b/meson.build
@@ -1,6 +1,6 @@
 project('harfbuzz', 'c', 'cpp',
   meson_version: '>= 0.55.0',
-  version: '4.4.1',
+  version: '5.0.0',
   default_options: [
     'cpp_rtti=false',       # Just to support msvc, we are passing -fno-exceptions also anyway
     'cpp_std=c++11',
diff --git a/src/hb-common.cc b/src/hb-common.cc
index e6ef98b94..e6512872e 100644
--- a/src/hb-common.cc
+++ b/src/hb-common.cc
@@ -452,7 +452,7 @@ hb_language_get_default ()
  *
  * Return value: `true` if languages match, `false` otherwise.
  *
- * Since: REPLACEME
+ * Since: 5.0.0
  **/
 hb_bool_t
 hb_language_matches (hb_language_t language,
diff --git a/src/hb-subset.h b/src/hb-subset.h
index f4346c70c..08e52dbd2 100644
--- a/src/hb-subset.h
+++ b/src/hb-subset.h
@@ -101,7 +101,7 @@ typedef enum { /*< flags >*/
  * @HB_SUBSET_SETS_LAYOUT_FEATURE_TAG: the set of layout feature tags that will be retained
  * in the subset.
  * @HB_SUBSET_SETS_LAYOUT_SCRIPT_TAG: the set of layout script tags that will be retained
- * in the subset. Defaults to all tags. Since: REPLACEME
+ * in the subset. Defaults to all tags. Since: 5.0.0
  *
  * List of sets that can be configured on the subset input.
  *
diff --git a/src/hb-version.h b/src/hb-version.h
index f036a1222..8558cf888 100644
--- a/src/hb-version.h
+++ b/src/hb-version.h
@@ -41,26 +41,26 @@ HB_BEGIN_DECLS
  *
  * The major component of the library version available at compile-time.
  */
-#define HB_VERSION_MAJOR 4
+#define HB_VERSION_MAJOR 5
 /**
  * HB_VERSION_MINOR:
  *
  * The minor component of the library version available at compile-time.
  */
-#define HB_VERSION_MINOR 4
+#define HB_VERSION_MINOR 0
 /**
  * HB_VERSION_MICRO:
  *
  * The micro component of the library version available at compile-time.
  */
-#define HB_VERSION_MICRO 1
+#define HB_VERSION_MICRO 0
 
 /**
  * HB_VERSION_STRING:
  *
  * A string literal containing the library version available at compile-time.
  */
-#define HB_VERSION_STRING "4.4.1"
+#define HB_VERSION_STRING "5.0.0"
 
 /**
  * HB_VERSION_ATLEAST: