diff --git a/NEWS b/NEWS
index ef11d6a..9e8d54f 100644
--- a/NEWS
+++ b/NEWS
@@ -1,5 +1,14 @@
 News (mainly features/major bug fixes)
 
+portage-2.3.64
+--------------
+* New (council approved) default locations for the Gentoo repository,
+  distfiles, and binary packages (does not apply to installed systems
+  using the old defaults):
+  /usr/portage -> /var/db/repos/gentoo
+  /usr/portage/distfiles -> /var/cache/distfiles
+  /usr/portage/packages -> /var/cache/binpkgs
+
 portage-2.3.53
 --------------
 * Renamed PORT_LOGDIR and PORT_LOGDIR_CLEAN variables to
diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index d176788..fcc5a86 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,6 +1,13 @@
 Release Notes; upgrade information mainly.
 Features/major bugfixes are listed in NEWS
 
+portage-2.3.64
+==================================
+* Bug Fixes:
+    - Bug 378603 New (council approved) default locations for the Gentoo
+      repository, distfiles, and binary packages
+
+
 portage-2.3.63
 ==================================
 * Bug Fixes:
diff --git a/setup.py b/setup.py
index 70df333..f7800b6 100755
--- a/setup.py
+++ b/setup.py
@@ -662,7 +662,7 @@
 
 setup(
 	name = 'portage',
-	version = '2.3.63',
+	version = '2.3.64',
 	url = 'https://wiki.gentoo.org/wiki/Project:Portage',
 	author = 'Gentoo Portage Development Team',
 	author_email = 'dev-portage@gentoo.org',