diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7c8385b0..75817110 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+0.16.2
+======
+- Initialize submodules in hook repositories.
+
 0.16.1
 ======
 - Improve node support when running under cygwin.
diff --git a/setup.py b/setup.py
index f85450d8..3052abd1 100644
--- a/setup.py
+++ b/setup.py
@@ -9,7 +9,7 @@ setup(
         'hooks.'
     ),
     url='https://github.com/pre-commit/pre-commit',
-    version='0.16.1',
+    version='0.16.2',
 
     author='Anthony Sottile',
     author_email='asottile@umich.edu',