diff --git a/CHANGELOG.md b/CHANGELOG.md
index e44fe6d0..fda49398 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+0.5.3
+=====
+- Fix autoupdate with "local" hooks - don't purge local hooks.
+
 0.5.2
 =====
 - Fix autoupdate with "local" hooks
diff --git a/setup.py b/setup.py
index d90b2f42..dddf8a00 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@ setup(
         'hooks.'
     ),
     url='https://github.com/pre-commit/pre-commit',
-    version='0.5.2',
+    version='0.5.3',
 
     author='Anthony Sottile',
     author_email='asottile@umich.edu',