diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2d4f04545..9bfb7f7e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,22 @@
+## 0.16.0rc2 / 2015-09-30
+
+BREAKING CHANGES:
+
+* [CHANGE] Renamed global.labels to global.external_labels
+
+All changes:
+
+* [BUGFIX] Fix high CPU usage on configuration reload
+* [BUGFIX] Fix disappearing __params on configuration reload
+* [CHANGE] Renamed global.labels to global.external_labels
+* [BUGFIX] Make labelmap action available through configuration
+* [ENHANCEMENT] Several flaky tests fixed
+* [ENHANCEMENT] Switched to common routing package
+* [BUGFIX] Fix direct access of protobuf fields
+* [BUGFIX] Fix panic on Consul request error
+* [ENHANCEMENT] Usage of more resilient metric decoder
+* [BUGFIX] Redirect of graph endpoint for prefixed setups
+
 ## 0.16.0rc1 / 2015-09-18
 
 BREAKING CHANGES:
diff --git a/version/VERSION b/version/VERSION
index 53782b100..e7ad24259 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-0.16.0rc1
+0.16.0rc2