diff --git a/CHANGES.md b/CHANGES.md
index a4c3ce31ae..83a48c8b26 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,67 @@
+Synapse 0.33.2 (2018-08-07)
+===========================
+
+Features
+--------
+
+- add support for the lazy_loaded_members filter as per MSC1227 ([\#2970](https://github.com/matrix-org/synapse/issues/2970>))
+- add support for the include_redundant_members filter param as per MSC1227 ([\#3331](https://github.com/matrix-org/synapse/issues/3331>))
+- Add metrics to track resource usage by background processes ([\#3553](https://github.com/matrix-org/synapse/issues/3553>), [\#3556](https://github.com/matrix-org/synapse/issues/3556>), [\#3604](https://github.com/matrix-org/synapse/issues/3604>), [\#3610](https://github.com/matrix-org/synapse/issues/3610>))
+- Add `code` label to `synapse_http_server_response_time_seconds` prometheus metric ([\#3554](https://github.com/matrix-org/synapse/issues/3554>))
+- Add support for client_reader to handle more APIs ([\#3555](https://github.com/matrix-org/synapse/issues/3555>), [\#3597](https://github.com/matrix-org/synapse/issues/3597>))
+- make the /context API filter & lazy-load aware as per MSC1227 ([\#3567](https://github.com/matrix-org/synapse/issues/3567>))
+- Add ability to limit number of monthly active users on the server ([\#3630](https://github.com/matrix-org/synapse/issues/3630>))
+- When we fail to join a room over federation, pass the error code back to the client. ([\#3639](https://github.com/matrix-org/synapse/issues/3639>))
+
+
+Bugfixes
+--------
+
+- Make /directory/list API return 404 for room not found instead of 400 ([\#2952](https://github.com/matrix-org/synapse/issues/2952>))
+- Default inviter_display_name to mxid for email invites ([\#3391](https://github.com/matrix-org/synapse/issues/3391>))
+- Don't generate TURN credentials if no TURN config options are set ([\#3514](https://github.com/matrix-org/synapse/issues/3514>))
+- Correctly announce deleted devices over federation ([\#3520](https://github.com/matrix-org/synapse/issues/3520>))
+- Catch failures saving metrics captured by Measure, and instead log the faulty metrics information for further analysis. ([\#3548](https://github.com/matrix-org/synapse/issues/3548>))
+- Unicode passwords are now normalised before hashing, preventing the instance where two different devices or browsers might send a different UTF-8 sequence for the password. ([\#3569](https://github.com/matrix-org/synapse/issues/3569>))
+- Fix potential stack overflow and deadlock under heavy load ([\#3570](https://github.com/matrix-org/synapse/issues/3570>))
+- Respond with M_NOT_FOUND when profiles are not found locally or over federation. Fixes #3585 ([\#3585](https://github.com/matrix-org/synapse/issues/3585>))
+- Fix failure to persist events over federation under load ([\#3601](https://github.com/matrix-org/synapse/issues/3601>))
+- Fix updating of cached remote profiles ([\#3605](https://github.com/matrix-org/synapse/issues/3605>))
+- Fix 'tuple index out of range' error ([\#3607](https://github.com/matrix-org/synapse/issues/3607>))
+- Only import secrets when available (fix for py < 3.6) ([\#3626](https://github.com/matrix-org/synapse/issues/3626>))
+
+
+Internal Changes
+----------------
+
+- Remove redundant checks on who_forgot_in_room ([\#3350](https://github.com/matrix-org/synapse/issues/3350>))
+- Remove unnecessary event re-signing hacks ([\#3367](https://github.com/matrix-org/synapse/issues/3367>))
+- Rewrite cache list decorator ([\#3384](https://github.com/matrix-org/synapse/issues/3384>))
+-  ([\#3415](https://github.com/matrix-org/synapse/issues/3415>), [\#3460](https://github.com/matrix-org/synapse/issues/3460>), [\#3562](https://github.com/matrix-org/synapse/issues/3562>), [\#3577](https://github.com/matrix-org/synapse/issues/3577>))
+- Improve Dockerfile and docker-compose instructions ([\#3543](https://github.com/matrix-org/synapse/issues/3543>))
+- Release notes are now in the Markdown format. ([\#3552](https://github.com/matrix-org/synapse/issues/3552>))
+- add config for pep8 ([\#3559](https://github.com/matrix-org/synapse/issues/3559>))
+- Merge Linearizer and Limiter ([\#3571](https://github.com/matrix-org/synapse/issues/3571>), [\#3572](https://github.com/matrix-org/synapse/issues/3572>))
+- Lazily load state on master process when using workers to reduce DB consumption ([\#3579](https://github.com/matrix-org/synapse/issues/3579>), [\#3581](https://github.com/matrix-org/synapse/issues/3581>), [\#3582](https://github.com/matrix-org/synapse/issues/3582>), [\#3584](https://github.com/matrix-org/synapse/issues/3584>))
+- Fixes and optimisations for resolve_state_groups ([\#3586](https://github.com/matrix-org/synapse/issues/3586>))
+- Improve logging for exceptions when handling PDUs ([\#3587](https://github.com/matrix-org/synapse/issues/3587>))
+- Add some measure blocks to persist_events ([\#3590](https://github.com/matrix-org/synapse/issues/3590>))
+- Fix some random logcontext leaks. ([\#3591](https://github.com/matrix-org/synapse/issues/3591>), [\#3606](https://github.com/matrix-org/synapse/issues/3606>))
+- Speed up calculating state deltas in persist_event loop ([\#3592](https://github.com/matrix-org/synapse/issues/3592>))
+- Attempt to reduce amount of state pulled out of DB during persist_events ([\#3595](https://github.com/matrix-org/synapse/issues/3595>))
+- Fix a documentation typo in on_make_leave_request ([\#3609](https://github.com/matrix-org/synapse/issues/3609>))
+- Make EventStore inherit from EventFederationStore ([\#3612](https://github.com/matrix-org/synapse/issues/3612>))
+- Remove some redundant joins on event_edges.room_id ([\#3613](https://github.com/matrix-org/synapse/issues/3613>))
+- Stop populating events.content ([\#3614](https://github.com/matrix-org/synapse/issues/3614>))
+- Update the /send_leave path registration to use event_id rather than a transaction ID. ([\#3616](https://github.com/matrix-org/synapse/issues/3616>))
+- Refactor FederationHandler to move DB writes into separate functions ([\#3621](https://github.com/matrix-org/synapse/issues/3621>))
+- Remove unused field "pdu_failures" from transactions. ([\#3628](https://github.com/matrix-org/synapse/issues/3628>))
+- rename replication_layer to federation_client ([\#3634](https://github.com/matrix-org/synapse/issues/3634>))
+- Factor out exception handling in federation_client ([\#3638](https://github.com/matrix-org/synapse/issues/3638>))
+- Refactor location of docker build script. ([\#3644](https://github.com/matrix-org/synapse/issues/3644>))
+- Update CONTRIBUTING to mention newsfragments. ([\#3645](https://github.com/matrix-org/synapse/issues/3645>))
+
+
 Synapse 0.33.1 (2018-08-02)
 ===========================
 
diff --git a/changelog.d/2952.bugfix b/changelog.d/2952.bugfix
deleted file mode 100644
index 07a3e48304..0000000000
--- a/changelog.d/2952.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Make /directory/list API return 404 for room not found instead of 400
diff --git a/changelog.d/2970.feature b/changelog.d/2970.feature
deleted file mode 100644
index 5eb928563f..0000000000
--- a/changelog.d/2970.feature
+++ /dev/null
@@ -1 +0,0 @@
-add support for the lazy_loaded_members filter as per MSC1227
diff --git a/changelog.d/3331.feature b/changelog.d/3331.feature
deleted file mode 100644
index e574b9bcc3..0000000000
--- a/changelog.d/3331.feature
+++ /dev/null
@@ -1 +0,0 @@
-add support for the include_redundant_members filter param as per MSC1227
diff --git a/changelog.d/3350.misc b/changelog.d/3350.misc
deleted file mode 100644
index 3713cd6d63..0000000000
--- a/changelog.d/3350.misc
+++ /dev/null
@@ -1 +0,0 @@
-Remove redundant checks on who_forgot_in_room
\ No newline at end of file
diff --git a/changelog.d/3367.misc b/changelog.d/3367.misc
deleted file mode 100644
index 1f21ddea48..0000000000
--- a/changelog.d/3367.misc
+++ /dev/null
@@ -1 +0,0 @@
-Remove unnecessary event re-signing hacks
\ No newline at end of file
diff --git a/changelog.d/3384.misc b/changelog.d/3384.misc
deleted file mode 100644
index 5d56c876d9..0000000000
--- a/changelog.d/3384.misc
+++ /dev/null
@@ -1 +0,0 @@
-Rewrite cache list decorator
diff --git a/changelog.d/3391.bugfix b/changelog.d/3391.bugfix
deleted file mode 100644
index 88eeb50df2..0000000000
--- a/changelog.d/3391.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Default inviter_display_name to mxid for email invites
\ No newline at end of file
diff --git a/changelog.d/3415.misc b/changelog.d/3415.misc
deleted file mode 100644
index e69de29bb2..0000000000
diff --git a/changelog.d/3460.misc b/changelog.d/3460.misc
deleted file mode 100644
index e69de29bb2..0000000000
diff --git a/changelog.d/3514.bugfix b/changelog.d/3514.bugfix
deleted file mode 100644
index 460fe24ac9..0000000000
--- a/changelog.d/3514.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Don't generate TURN credentials if no TURN config options are set
diff --git a/changelog.d/3520.bugfix b/changelog.d/3520.bugfix
deleted file mode 100644
index 9278cb3708..0000000000
--- a/changelog.d/3520.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Correctly announce deleted devices over federation
diff --git a/changelog.d/3543.misc b/changelog.d/3543.misc
deleted file mode 100644
index d231d17749..0000000000
--- a/changelog.d/3543.misc
+++ /dev/null
@@ -1 +0,0 @@
-Improve Dockerfile and docker-compose instructions
diff --git a/changelog.d/3548.bugfix b/changelog.d/3548.bugfix
deleted file mode 100644
index 38dc3b1232..0000000000
--- a/changelog.d/3548.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Catch failures saving metrics captured by Measure, and instead log the faulty metrics information for further analysis.
diff --git a/changelog.d/3552.misc b/changelog.d/3552.misc
deleted file mode 100644
index 709c3282b4..0000000000
--- a/changelog.d/3552.misc
+++ /dev/null
@@ -1 +0,0 @@
-Release notes are now in the Markdown format.
diff --git a/changelog.d/3553.feature b/changelog.d/3553.feature
deleted file mode 100644
index 77a294cb9f..0000000000
--- a/changelog.d/3553.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add metrics to track resource usage by background processes
diff --git a/changelog.d/3554.feature b/changelog.d/3554.feature
deleted file mode 100644
index b00397872c..0000000000
--- a/changelog.d/3554.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add `code` label to `synapse_http_server_response_time_seconds` prometheus metric
diff --git a/changelog.d/3555.feature b/changelog.d/3555.feature
deleted file mode 100644
index ea4a85e0ae..0000000000
--- a/changelog.d/3555.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add support for client_reader to handle more APIs
diff --git a/changelog.d/3556.feature b/changelog.d/3556.feature
deleted file mode 100644
index 77a294cb9f..0000000000
--- a/changelog.d/3556.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add metrics to track resource usage by background processes
diff --git a/changelog.d/3559.misc b/changelog.d/3559.misc
deleted file mode 100644
index 26df859e45..0000000000
--- a/changelog.d/3559.misc
+++ /dev/null
@@ -1 +0,0 @@
-add config for pep8
diff --git a/changelog.d/3562.misc b/changelog.d/3562.misc
deleted file mode 100644
index e69de29bb2..0000000000
diff --git a/changelog.d/3567.feature b/changelog.d/3567.feature
deleted file mode 100644
index c74c1f57a9..0000000000
--- a/changelog.d/3567.feature
+++ /dev/null
@@ -1 +0,0 @@
-make the /context API filter & lazy-load aware as per MSC1227
diff --git a/changelog.d/3569.bugfix b/changelog.d/3569.bugfix
deleted file mode 100644
index d77f035ee0..0000000000
--- a/changelog.d/3569.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Unicode passwords are now normalised before hashing, preventing the instance where two different devices or browsers might send a different UTF-8 sequence for the password.
diff --git a/changelog.d/3570.bugfix b/changelog.d/3570.bugfix
deleted file mode 100644
index cec5158a99..0000000000
--- a/changelog.d/3570.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix potential stack overflow and deadlock under heavy load
\ No newline at end of file
diff --git a/changelog.d/3571.misc b/changelog.d/3571.misc
deleted file mode 100644
index 8908324e68..0000000000
--- a/changelog.d/3571.misc
+++ /dev/null
@@ -1 +0,0 @@
-Merge Linearizer and Limiter
diff --git a/changelog.d/3572.misc b/changelog.d/3572.misc
deleted file mode 100644
index 8908324e68..0000000000
--- a/changelog.d/3572.misc
+++ /dev/null
@@ -1 +0,0 @@
-Merge Linearizer and Limiter
diff --git a/changelog.d/3577.misc b/changelog.d/3577.misc
deleted file mode 100644
index e69de29bb2..0000000000
diff --git a/changelog.d/3579.misc b/changelog.d/3579.misc
deleted file mode 100644
index 2374dc0c44..0000000000
--- a/changelog.d/3579.misc
+++ /dev/null
@@ -1 +0,0 @@
-Lazily load state on master process when using workers to reduce DB consumption
diff --git a/changelog.d/3581.misc b/changelog.d/3581.misc
deleted file mode 100644
index 2374dc0c44..0000000000
--- a/changelog.d/3581.misc
+++ /dev/null
@@ -1 +0,0 @@
-Lazily load state on master process when using workers to reduce DB consumption
diff --git a/changelog.d/3582.misc b/changelog.d/3582.misc
deleted file mode 100644
index 2374dc0c44..0000000000
--- a/changelog.d/3582.misc
+++ /dev/null
@@ -1 +0,0 @@
-Lazily load state on master process when using workers to reduce DB consumption
diff --git a/changelog.d/3584.misc b/changelog.d/3584.misc
deleted file mode 100644
index 2374dc0c44..0000000000
--- a/changelog.d/3584.misc
+++ /dev/null
@@ -1 +0,0 @@
-Lazily load state on master process when using workers to reduce DB consumption
diff --git a/changelog.d/3585.bugfix b/changelog.d/3585.bugfix
deleted file mode 100644
index e8ae1d8cb4..0000000000
--- a/changelog.d/3585.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Respond with M_NOT_FOUND when profiles are not found locally or over federation. Fixes #3585
diff --git a/changelog.d/3586.misc b/changelog.d/3586.misc
deleted file mode 100644
index e853e2481b..0000000000
--- a/changelog.d/3586.misc
+++ /dev/null
@@ -1 +0,0 @@
-Fixes and optimisations for resolve_state_groups
diff --git a/changelog.d/3587.misc b/changelog.d/3587.misc
deleted file mode 100644
index 75a3479910..0000000000
--- a/changelog.d/3587.misc
+++ /dev/null
@@ -1 +0,0 @@
-Improve logging for exceptions when handling PDUs
\ No newline at end of file
diff --git a/changelog.d/3590.misc b/changelog.d/3590.misc
deleted file mode 100644
index 0f1688fd0f..0000000000
--- a/changelog.d/3590.misc
+++ /dev/null
@@ -1 +0,0 @@
-Add some measure blocks to persist_events
diff --git a/changelog.d/3591.misc b/changelog.d/3591.misc
deleted file mode 100644
index f0137766a0..0000000000
--- a/changelog.d/3591.misc
+++ /dev/null
@@ -1 +0,0 @@
-Fix some random logcontext leaks.
\ No newline at end of file
diff --git a/changelog.d/3592.misc b/changelog.d/3592.misc
deleted file mode 100644
index 60129569c2..0000000000
--- a/changelog.d/3592.misc
+++ /dev/null
@@ -1 +0,0 @@
-Speed up calculating state deltas in persist_event loop
diff --git a/changelog.d/3595.misc b/changelog.d/3595.misc
deleted file mode 100644
index 85903504cc..0000000000
--- a/changelog.d/3595.misc
+++ /dev/null
@@ -1 +0,0 @@
-Attempt to reduce amount of state pulled out of DB during persist_events
diff --git a/changelog.d/3597.feature b/changelog.d/3597.feature
deleted file mode 100644
index ea4a85e0ae..0000000000
--- a/changelog.d/3597.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add support for client_reader to handle more APIs
diff --git a/changelog.d/3601.bugfix b/changelog.d/3601.bugfix
deleted file mode 100644
index 1678b261d0..0000000000
--- a/changelog.d/3601.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix failure to persist events over federation under load
diff --git a/changelog.d/3604.feature b/changelog.d/3604.feature
deleted file mode 100644
index 77a294cb9f..0000000000
--- a/changelog.d/3604.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add metrics to track resource usage by background processes
diff --git a/changelog.d/3605.bugfix b/changelog.d/3605.bugfix
deleted file mode 100644
index 786da546eb..0000000000
--- a/changelog.d/3605.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix updating of cached remote profiles
diff --git a/changelog.d/3606.misc b/changelog.d/3606.misc
deleted file mode 100644
index f0137766a0..0000000000
--- a/changelog.d/3606.misc
+++ /dev/null
@@ -1 +0,0 @@
-Fix some random logcontext leaks.
\ No newline at end of file
diff --git a/changelog.d/3607.bugfix b/changelog.d/3607.bugfix
deleted file mode 100644
index 7ad64593b8..0000000000
--- a/changelog.d/3607.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix 'tuple index out of range' error
\ No newline at end of file
diff --git a/changelog.d/3609.misc b/changelog.d/3609.misc
deleted file mode 100644
index 5b9566d076..0000000000
--- a/changelog.d/3609.misc
+++ /dev/null
@@ -1 +0,0 @@
-Fix a documentation typo in on_make_leave_request
diff --git a/changelog.d/3610.feature b/changelog.d/3610.feature
deleted file mode 100644
index 77a294cb9f..0000000000
--- a/changelog.d/3610.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add metrics to track resource usage by background processes
diff --git a/changelog.d/3612.misc b/changelog.d/3612.misc
deleted file mode 100644
index f90d2f2ff5..0000000000
--- a/changelog.d/3612.misc
+++ /dev/null
@@ -1 +0,0 @@
-Make EventStore inherit from EventFederationStore
diff --git a/changelog.d/3613.misc b/changelog.d/3613.misc
deleted file mode 100644
index d9378f6b49..0000000000
--- a/changelog.d/3613.misc
+++ /dev/null
@@ -1 +0,0 @@
-Remove some redundant joins on event_edges.room_id
diff --git a/changelog.d/3614.misc b/changelog.d/3614.misc
deleted file mode 100644
index 356f28471e..0000000000
--- a/changelog.d/3614.misc
+++ /dev/null
@@ -1 +0,0 @@
-Stop populating events.content
diff --git a/changelog.d/3616.misc b/changelog.d/3616.misc
deleted file mode 100644
index 04629faa36..0000000000
--- a/changelog.d/3616.misc
+++ /dev/null
@@ -1 +0,0 @@
-Update the /send_leave path registration to use event_id rather than a transaction ID.
diff --git a/changelog.d/3621.misc b/changelog.d/3621.misc
deleted file mode 100644
index 83e5fc8aa1..0000000000
--- a/changelog.d/3621.misc
+++ /dev/null
@@ -1 +0,0 @@
-Refactor FederationHandler to move DB writes into separate functions
diff --git a/changelog.d/3626.bugfix b/changelog.d/3626.bugfix
deleted file mode 100644
index 9a4b878986..0000000000
--- a/changelog.d/3626.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Only import secrets when available (fix for py < 3.6)
diff --git a/changelog.d/3628.misc b/changelog.d/3628.misc
deleted file mode 100644
index 1aebefbe18..0000000000
--- a/changelog.d/3628.misc
+++ /dev/null
@@ -1 +0,0 @@
-Remove unused field "pdu_failures" from transactions.
diff --git a/changelog.d/3630.feature b/changelog.d/3630.feature
deleted file mode 100644
index 8007a04840..0000000000
--- a/changelog.d/3630.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add ability to limit number of monthly active users on the server
diff --git a/changelog.d/3634.misc b/changelog.d/3634.misc
deleted file mode 100644
index 2cd6af91ff..0000000000
--- a/changelog.d/3634.misc
+++ /dev/null
@@ -1 +0,0 @@
-rename replication_layer to federation_client
diff --git a/changelog.d/3638.misc b/changelog.d/3638.misc
deleted file mode 100644
index 9faab15cf2..0000000000
--- a/changelog.d/3638.misc
+++ /dev/null
@@ -1 +0,0 @@
-Factor out exception handling in federation_client
diff --git a/changelog.d/3639.feature b/changelog.d/3639.feature
deleted file mode 100644
index c8c387e219..0000000000
--- a/changelog.d/3639.feature
+++ /dev/null
@@ -1 +0,0 @@
-When we fail to join a room over federation, pass the error code back to the client.
\ No newline at end of file
diff --git a/changelog.d/3644.misc b/changelog.d/3644.misc
deleted file mode 100644
index 2347fc8500..0000000000
--- a/changelog.d/3644.misc
+++ /dev/null
@@ -1 +0,0 @@
-Refactor location of docker build script.
diff --git a/changelog.d/3645.misc b/changelog.d/3645.misc
deleted file mode 100644
index 0fe6b28da1..0000000000
--- a/changelog.d/3645.misc
+++ /dev/null
@@ -1 +0,0 @@
-Update CONTRIBUTING to mention newsfragments.