diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index 9026a4ef369..52dfb038dbb 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -19,11 +19,11 @@
 #define PY_MAJOR_VERSION	3
 #define PY_MINOR_VERSION	4
 #define PY_MICRO_VERSION	5
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_GAMMA
-#define PY_RELEASE_SERIAL	1
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
+#define PY_RELEASE_SERIAL	0
 
 /* Version as a string */
-#define PY_VERSION      	"3.4.5rc1"
+#define PY_VERSION      	"3.4.5"
 /*--end constants--*/
 
 /* Version as a single 4-byte hex number, e.g. 0x010502B2 == 1.5.2b2.
diff --git a/Misc/NEWS b/Misc/NEWS
index f8c8640af05..b0a857382d5 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -2,6 +2,17 @@
 Python News
 +++++++++++
 
+What's New in Python 3.4.5?
+===========================
+
+Release date: 2016-06-26
+
+Tests
+-----
+
+- Issue #26867: Ubuntu's openssl OP_NO_SSLv3 is forced on by default; fix test.
+
+
 What's New in Python 3.4.5rc1?
 ==============================
 
diff --git a/README b/README
index 73cf419f456..1ae15a74fc9 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
-This is Python version 3.4.5 release candidate 1
-================================================
+This is Python version 3.4.5
+============================
 
 Copyright (c) 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011,
 2012, 2013, 2014, 2015, 2016 Python Software Foundation.  All rights reserved.