diff --git a/NEWS b/NEWS
index d5c1f7d9..f034ba78 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,15 @@
+48.rc
+=====
+* Misc. bug fixes and cleanups [Florian; !385, !388]
+
+Contributors:
+  Florian Müllner
+
+Translators:
+  Emilio Sepúlveda [ia], Mathews M [ml], Daniel Rusek [cs], Piotr Drąg [pl],
+  Anders Jonsson [sv], Ekaterine Papava [ka], Yuri Chornoivan [uk],
+  Aurimas Černius [lt], Luming Zh [zh_CN], Jiri Grönroos [fi]
+
 48.beta
 =======
 * window-list: Fix regression in chrome tracking [Florian; !379]
diff --git a/meson.build b/meson.build
index 9f0dc4cc..56eaf9ad 100644
--- a/meson.build
+++ b/meson.build
@@ -4,7 +4,7 @@
 
 project(
   'gnome-shell-extensions',
-  version: '48.beta',
+  version: '48.rc',
   meson_version: '>= 1.1.0',
   license: 'GPL-2.0-or-later',
 )