diff --git a/CHANGELOG.md b/CHANGELOG.md
index 824303bcbd86..ca58c5368992 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+<a name="2.0.0-beta.5"></a>
+# [2.0.0-beta.5 taffeta-admiral](https://github.com/angular/material2/compare/2.0.0-beta.4...2.0.0-beta.5) (2017-05-13)
+
+
+### Bug Fixes
+
+* **list, option:** fix ripples blocking mouse events on user content ([#4503](https://github.com/angular/material2/issues/4503)) ([c4b3625](https://github.com/angular/material2/commit/c4b3625)), closes [#4480](https://github.com/angular/material2/issues/4480)
+
+
+
 <a name="2.0.0-beta.4"></a>
 # [2.0.0-beta.4 unobtainium-sunglasses](https://github.com/angular/material2/compare/g3_v2_0...2.0.0-beta.4) (2017-05-12)
 
diff --git a/package.json b/package.json
index fb10ed461ebb..dc332c99d2f2 100644
--- a/package.json
+++ b/package.json
@@ -19,7 +19,7 @@
     "docs": "gulp docs",
     "api": "gulp api-docs"
   },
-  "version": "2.0.0-beta.4",
+  "version": "2.0.0-beta.5",
   "license": "MIT",
   "engines": {
     "node": ">= 5.4.1 < 7"