diff --git a/NEWS b/NEWS
index 71f5d20324..4ac2849e23 100644
--- a/NEWS
+++ b/NEWS
@@ -4,6 +4,30 @@ See the end for copying conditions.
 
 Please send GNU C library bug reports via <https://sourceware.org/bugzilla/>
 using `glibc' in the "product" field.
+
+Version 2.34
+
+Major new features:
+
+  [Add new features here]
+
+Deprecated and removed features, and other changes affecting compatibility:
+
+  [Add deprecations, removals and changes affecting compatibility here]
+
+Changes to build and runtime requirements:
+
+  [Add changes to build and runtime requirements here]
+
+Security related changes:
+
+  [Add security related changes here]
+
+The following bugs are resolved with this release:
+
+  [The release manager will add the list generated by
+  scripts/list-fixed-bugs.py just before the release.]
+
 
 Version 2.33
 
diff --git a/version.h b/version.h
index 780fd2718d..1163fe29af 100644
--- a/version.h
+++ b/version.h
@@ -1,4 +1,4 @@
 /* This file just defines the current version number of libc.  */
 
-#define RELEASE "release"
-#define VERSION "2.33"
+#define RELEASE "development"
+#define VERSION "2.34"