diff --git a/NEWS b/NEWS
index 8bcde1e0..38242b89 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,18 @@
+49.alpha.1
+==========
+* workspaces-indicator, window-list: Better expose workspace names
+  [Florian; !405]
+* window-list: Animate transition to/from overview [Florian; !412]
+* Misc. bug fixes and cleanups [Florian; !409, !411, !413]
+
+Contributors:
+  Florian Müllner
+
+Translators:
+  Martin [sl], Emin Tufan Çetin [tr], Yuri Chornoivan [uk], Luming Zh [zh_CN],
+  Yago Raña [gl], Ekaterine Papava [ka], Vasil Pupkin [be],
+  Álvaro Burns [pt_BR], Sergej A. [ru]
+
 49.alpha.0
 ==========
 * windowsNavigator: Fix handling keyboard shortcuts [Daniel; !395]
diff --git a/meson.build b/meson.build
index a7b6a548..1a6c0e7b 100644
--- a/meson.build
+++ b/meson.build
@@ -4,7 +4,7 @@
 
 project(
   'gnome-shell-extensions',
-  version: '49.alpha.0',
+  version: '49.alpha.1',
   meson_version: '>= 1.1.0',
   license: 'GPL-2.0-or-later',
 )