diff --git a/build.gradle b/build.gradle
index ac296966f9..f5ff0b18bd 100644
--- a/build.gradle
+++ b/build.gradle
@@ -51,7 +51,7 @@ subprojects { subProject ->
     defaultTasks 'build'
 
     group = 'org.hibernate'
-    version = '4.2.16-SNAPSHOT'
+    version = '4.2.16.Final'
     
     // The OSGi manifest exported package versions need to be only the numerical release -- no "SNAPSHOT" or "Final"
     exportPackageVersion = version.replaceAll("-SNAPSHOT", "");
diff --git a/changelog.txt b/changelog.txt
index a3911f3472..56cc3f6389 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -5,6 +5,28 @@ match the actual issue resolution (i.e. a bug might not be a bug). Please
 refer to the particular case on JIRA using the issue tracking number to learn
 more about each case.
 
+Changes in version 4.2.16 (2014.10.30)
+------------------------------------------------------------------------------------------------------------------------
+
+**Sub-task
+    [HHH-9387] - Default table name for @ElementCollection uses owning entity class name
+    [HHH-9389] - Default join column name (FK) for @ElementCollection uses owning entity class name
+    [HHH-9390] - Default join column name (FK) for @ManyToMany uses owning entity primary table name
+
+** Bug
+    [HHH-9305] - HQL FromElement is not reused in some cases resulting in an additional join
+    [HHH-9312] - Database connection leak with JTA transaction tracking and background thread not releasing database connection
+    [HHH-9327] - NamingStrategy regression (reverts HHH-9280)
+    [HHH-9369] - @Formula of enum type results in ClassCastException
+    [HHH-9455] - Hibernate triggers unnecessary select count query that imposes negative effect on performance.
+    [HHH-9461] - Cannot enable NamingStrategyDelegator implementations using entity manager
+
+** Deprecation
+    [HHH-7079] - Deprecate NamingStrategy
+
+** Improvement
+    [HHH-9388] - Create more flexible way to generate table and column names
+
 Changes in version 4.2.15 (2014.07.16)
 ------------------------------------------------------------------------------------------------------------------------