diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 031c8c9..9835baa 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,6 +1,12 @@
 Release Notes; upgrade information mainly.
 Features/major bugfixes are listed in NEWS
 
+portage-2.3.28
+==================================
+* Bug Fixes:
+    - Bug 649276 gpg key refresh needs exponential backoff with jitter
+
+
 portage-2.3.27
 ==================================
 * Bug Fixes:
diff --git a/setup.py b/setup.py
index 322e67d..2cdb3be 100755
--- a/setup.py
+++ b/setup.py
@@ -663,7 +663,7 @@
 
 setup(
 	name = 'portage',
-	version = '2.3.27',
+	version = '2.3.28',
 	url = 'https://wiki.gentoo.org/wiki/Project:Portage',
 	author = 'Gentoo Portage Development Team',
 	author_email = 'dev-portage@gentoo.org',