diff --git a/NEWS b/NEWS
index 28c3154..6ff94b1 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,9 @@
+New in version 0.3.1:
+* fixed missing namespace in CIMInstance returned from EnumerateInstances()
+* name of CIMProperty or CIMParameter is present in TypeError, when type
+  mismatch occurs
+* refactored exception handling in WBEMConnection
+
 New in version 0.3.0:
 * support ppc(64(le)), s390(x), aarch64
 * conditional support of CIMIndicationListener
diff --git a/configure.ac b/configure.ac
index 188ce90..211bef2 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ AC_PREREQ([2.60])
 dnl lmiwbem version number
 m4_define(lmiwbem_version_major, 0)
 m4_define(lmiwbem_version_minor, 3)
-m4_define(lmiwbem_version_patch, 0)
+m4_define(lmiwbem_version_patch, 1)
 m4_define(lmiwbem_version, lmiwbem_version_major.lmiwbem_version_minor.lmiwbem_version_patch)
 
 AC_INIT([lmiwbem], [lmiwbem_version], [phatina@redhat.com])
diff --git a/lmiwbem.spec b/lmiwbem.spec
index 2382e73..6194c6e 100644
--- a/lmiwbem.spec
+++ b/lmiwbem.spec
@@ -1,5 +1,5 @@
 Name:           lmiwbem
-Version:        0.3.0
+Version:        0.3.1
 Release:        1%{?dist}
 Summary:        Python WBEM Client
 License:        LGPLv2+
@@ -52,6 +52,9 @@ find %{buildroot} -name '*.la' | xargs rm -f
 %{_docdir}/%{name}-%{version}/html
 
 %changelog
+* Fro Aug 29 2014 Peter Hatina <phatina@redhat.com> - 0.3.1-1
+- upgrade to 0.3.1
+
 * Tue Aug 26 2014 Peter Hatina <phatina@redhat.com> - 0.3.0-1
 - upgrade to 0.3.0