diff --git a/atomic-reactor.spec b/atomic-reactor.spec
index d3109f3d3..0c7fd6968 100644
--- a/atomic-reactor.spec
+++ b/atomic-reactor.spec
@@ -6,7 +6,7 @@
 %global ar_subpackages_obsolete 1.6.50
 
 Name:           %{project}
-Version:        3.4.0
+Version:        3.4.1
 Release:        1%{?dist}
 
 Summary:        Improved builder for Docker images
@@ -115,6 +115,9 @@ cp -a docs/manpage/atomic-reactor.1 %{buildroot}%{_mandir}/man1/
 
 
 %changelog
+* Tue Mar 23 2021 Martin Bašti <mbasti@redhat.com> 3.4.1-1
+- new upstream release: 3.4.1
+
 * Mon Mar 15 2021 Martin Bašti <mbasti@redhat.com> 3.4.0-1
 - new upstream release: 3.4.0
 
diff --git a/atomic_reactor/version.py b/atomic_reactor/version.py
index b25a6fb77..f0cb2b7cf 100644
--- a/atomic_reactor/version.py
+++ b/atomic_reactor/version.py
@@ -6,4 +6,4 @@
 of the BSD license. See the LICENSE file for details.
 """
 
-__version__ = "3.4.0"
+__version__ = "3.4.1"
diff --git a/rel-eng/packages/atomic-reactor b/rel-eng/packages/atomic-reactor
index 7dafd7cef..12d2214cc 100644
--- a/rel-eng/packages/atomic-reactor
+++ b/rel-eng/packages/atomic-reactor
@@ -1 +1 @@
-3.4.0-1 ./
+3.4.1-1 ./
diff --git a/setup.py b/setup.py
index 764b08807..600b7540b 100644
--- a/setup.py
+++ b/setup.py
@@ -36,7 +36,7 @@ def _get_requirements(path):
 
 setup(
     name='atomic-reactor',
-    version='3.4.0',
+    version='3.4.1',
     description=DESCRIPTION,
     author='Red Hat, Inc.',
     author_email='atomic-devel@projectatomic.io',