diff --git a/ChangeLog b/ChangeLog
index bd735d36125..4953084c093 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+24.3.1
+ - test: add test coverage for iproute2 commands (#5651)
+ - fix(netops): fix ip addr flush command (#5651) (GH: 5648)
+
 24.3
  - docs: Clarify v2 set-name behavior (#5639)
  - fix: properly handle blank lines in fstab (#5643)
diff --git a/cloudinit/version.py b/cloudinit/version.py
index 2c92f35d59c..03fbfc365f5 100644
--- a/cloudinit/version.py
+++ b/cloudinit/version.py
@@ -4,7 +4,7 @@
 #
 # This file is part of cloud-init. See LICENSE file for license information.
 
-__VERSION__ = "24.3"
+__VERSION__ = "24.3.1"
 _PACKAGED_VERSION = "@@PACKAGED_VERSION@@"
 
 FEATURES = [