diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5ff46a72f..ab07cc225 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,36 @@
+Changelog for restic 0.16.2 (2023-10-29)
+=======================================
+
+The following sections list the changes in restic 0.16.2 relevant to
+restic users. The changes are ordered by importance.
+
+Summary
+-------
+
+ * Fix #4540: Restore ARMv5 support for ARM binaries
+ * Fix #4545: Repair documentation build on Read the Docs
+
+Details
+-------
+
+ * Bugfix #4540: Restore ARMv5 support for ARM binaries
+
+   The official release binaries for restic 0.16.1 were accidentally built to require ARMv7. The
+   build process is now updated to restore support for ARMv5.
+
+   Please note that restic 0.17.0 will drop support for ARMv5 and require at least ARMv6.
+
+   https://github.com/restic/restic/issues/4540
+
+ * Bugfix #4545: Repair documentation build on Read the Docs
+
+   For restic 0.16.1, no documentation was available at https://restic.readthedocs.io/ .
+
+   The documentation build process is now updated to work again.
+
+   https://github.com/restic/restic/pull/4545
+
+
 Changelog for restic 0.16.1 (2023-10-24)
 =======================================
 
diff --git a/VERSION b/VERSION
index 2a0970ca7..201a22c8f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.16.1
+0.16.2
diff --git a/changelog/0.16.2_2023-10-29/issue-4540 b/changelog/0.16.2_2023-10-29/issue-4540
new file mode 100644
index 000000000..666bad59f
--- /dev/null
+++ b/changelog/0.16.2_2023-10-29/issue-4540
@@ -0,0 +1,9 @@
+Bugfix: Restore ARMv5 support for ARM binaries
+
+The official release binaries for restic 0.16.1 were accidentally built to
+require ARMv7. The build process is now updated to restore support for ARMv5.
+
+Please note that restic 0.17.0 will drop support for ARMv5 and require at least
+ARMv6.
+
+https://github.com/restic/restic/issues/4540
diff --git a/changelog/0.16.2_2023-10-29/pull-4545 b/changelog/0.16.2_2023-10-29/pull-4545
new file mode 100644
index 000000000..fd510a1e2
--- /dev/null
+++ b/changelog/0.16.2_2023-10-29/pull-4545
@@ -0,0 +1,8 @@
+Bugfix: Repair documentation build on Read the Docs
+
+For restic 0.16.1, no documentation was available at
+https://restic.readthedocs.io/ .
+
+The documentation build process is now updated to work again.
+
+https://github.com/restic/restic/pull/4545
diff --git a/cmd/restic/global.go b/cmd/restic/global.go
index 65b4396a2..468f2c50b 100644
--- a/cmd/restic/global.go
+++ b/cmd/restic/global.go
@@ -43,7 +43,7 @@ import (
 	"golang.org/x/term"
 )
 
-var version = "0.16.1-dev (compiled manually)"
+var version = "0.16.2-dev (compiled manually)"
 
 // TimeFormat is the format used for all timestamps printed by restic.
 const TimeFormat = "2006-01-02 15:04:05"