diff --git a/CHANGES.rst b/CHANGES.rst
index 2668119c..fc858f6b 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,6 +2,16 @@
 CHANGELOG
 =========
 
+0.9.48 (2023-09-08)
+-------------------
+
+* Add grid link for equity payment description.
+
+* Fix msg body display, download link for email bounces.
+
+* Fix member key display for equity payment form.
+
+
 0.9.47 (2023-09-07)
 -------------------
 
diff --git a/tailbone/_version.py b/tailbone/_version.py
index bedab6b6..014d9357 100644
--- a/tailbone/_version.py
+++ b/tailbone/_version.py
@@ -1,3 +1,3 @@
 # -*- coding: utf-8; -*-
 
-__version__ = '0.9.47'
+__version__ = '0.9.48'