diff --git a/NEWS b/NEWS
index a2750ac9c9c..be5da71e64c 100644
--- a/NEWS
+++ b/NEWS
@@ -7,6 +7,16 @@
 ##
 #
 
+## 1.3.1 (August 20, 2018)
+
+Bugfixes:
+- Prevent potential out-of-order sending in shared memory active messages
+- CUDA: Include cudamem.h in source tarball, pass cudaFree memory size
+- Registration cache: fix large range lookup, handle shmat(REMAP)/mmap(FIXED)
+- Limit IB CQE size for specific ARM boards
+- RPM: explicitly set gcc-c++ as requirement
+
+
 ## 1.3.0 (February 15, 2018)
 
 Features:
diff --git a/configure.ac b/configure.ac
index ecadea045eb..2bce597c674 100644
--- a/configure.ac
+++ b/configure.ac
@@ -10,7 +10,7 @@ AC_PREREQ([2.63])
 
 define([ucx_ver_major], 1)
 define([ucx_ver_minor], 3)
-define([ucx_ver_patch], 0)
+define([ucx_ver_patch], 1)
 define([ts], esyscmd([sh -c "date +%Y%m%d%H%M%S"]))
 
 # This is the API version (see libtool library versioning)
diff --git a/ucx.spec.in b/ucx.spec.in
index 7a0b84583ad..588eab6e487 100644
--- a/ucx.spec.in
+++ b/ucx.spec.in
@@ -81,6 +81,8 @@ rm -f %{buildroot}%{_libdir}/*.la
 %postun -p /sbin/ldconfig
 
 %changelog
+* Mon Aug 20 2018 Andrey Maslennikov <andreyma@mellanox.com> 1.3.1-1
+- See NEWS for details
 * Thu Aug 16 2018 Andrey Maslennikov <andreyma@mellanox.com> 1.3.0-1
 - Explicitly set gcc-c++ as requirements
 * Wed Mar 7 2018 Andrey Maslennikov <andreyma@mellanox.com> 1.3.0-1