diff --git a/CHANGES.rst b/CHANGES.rst
index ce356a11bd..713e60d43e 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,3 +1,19 @@
+Changes in synapse v0.22.0-rc2 (2017-07-04)
+===========================================
+
+Changes:
+
+* Improve performance of storing user IPs (PR #2307, #2308)
+* Slightly improve performance of verifying access tokens (PR #2320)
+* Slightly improve performance of event persistence (PR #2321)
+* Increase default cache factor size from 0.1 to 0.5 (PR #2330)
+
+Bug fixes:
+
+* Fix bug with storing registration sessions that caused frequent CPU churn
+  (PR #2319)
+
+
 Changes in synapse v0.22.0-rc1 (2017-06-26)
 ===========================================
 
diff --git a/synapse/__init__.py b/synapse/__init__.py
index 6b0a766391..c26e8d4d93 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -16,4 +16,4 @@
 """ This is a reference implementation of a Matrix home server.
 """
 
-__version__ = "0.22.0-rc1"
+__version__ = "0.22.0-rc2"