diff --git a/CHANGES.rst b/CHANGES.rst
index a8a961167..8d19aed0e 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,6 +1,25 @@
 Release Notes
 =============
 
+2.1.4
+-----
+
+This release fixes the hermeticity of pip resolver executions when the
+resolver is called via the Pex API in an environment with PYTHONPATH
+set.
+
+* readme: adding a TOC (#900)
+  `PR #900 <https://github.com/pantsbuild/pex/pull/900>`_
+
+* Fix Pex resolver API PYTHONPATH hermeticity. (#895)
+  `PR #895 <https://github.com/pantsbuild/pex/pull/895>`_
+
+* Fixup resolve debug rendering. (#894)
+  `PR #894 <https://github.com/pantsbuild/pex/pull/894>`_
+
+* Convert `bdist_pex` tests to explicit cmdclass. (#897)
+  `PR #897 <https://github.com/pantsbuild/pex/pull/897>`_
+
 2.1.3
 -----
 
diff --git a/pex/version.py b/pex/version.py
index 393c14b99..3860dbc2e 100644
--- a/pex/version.py
+++ b/pex/version.py
@@ -1,4 +1,4 @@
 # Copyright 2015 Pants project contributors (see CONTRIBUTORS.md).
 # Licensed under the Apache License, Version 2.0 (see LICENSE).
 
-__version__ = '2.1.3'
+__version__ = '2.1.4'