diff --git a/DESCRIPTION b/DESCRIPTION
index 61d17fa015..f47de779d7 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,5 +1,5 @@
 Package: igraph
-Version: 2.0.3.9049
+Version: 2.0.3.9050
 Title: Network Analysis and Visualization
 Authors@R: c(
     person("Gábor", "Csárdi", , "csardi.gabor@gmail.com", role = "aut",
diff --git a/NEWS.md b/NEWS.md
index 19e9168ec5..6b93210bec 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,5 +1,16 @@
 <!-- NEWS.md is maintained by https://fledge.cynkra.com, contributors should not edit this file -->
 
+# igraph 2.0.3.9050
+
+## Features
+
+- Support `fit_power_law(implementation = "plfit.p")` to compute the P-value (#1386).
+
+## Refactoring
+
+- Drop attributes in a more straightforward fashion in `graphlet_basis()` (#1452).
+
+
 # igraph 2.0.3.9049
 
 ## Chore