diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a16d1cfca..303c5bfe73 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # CHANGELOG
 
-## next release
+## 3.338.1 - 2025-01-23
 
 * `Aws\EC2` - Added "future" allocation type for future dated capacity reservation
 
diff --git a/src/Sdk.php b/src/Sdk.php
index 0fbfec797f..77c0457b54 100644
--- a/src/Sdk.php
+++ b/src/Sdk.php
@@ -811,7 +811,7 @@
  */
 class Sdk
 {
-    const VERSION = '3.338.0';
+    const VERSION = '3.338.1';
 
     /** @var array Arguments for creating clients */
     private $args;