diff --git a/CHANGELOG.rdoc b/CHANGELOG.rdoc
index 337ee5c..323db33 100644
--- a/CHANGELOG.rdoc
+++ b/CHANGELOG.rdoc
@@ -3,6 +3,8 @@
 * Relaxed Timeliness dependency version which allows for >= 0.4.0 with
   threadsafety fix for use_us_formats and use_euro_formats for hot switching
 	in a request.
+* Add initializer to ensure Timeliness v0.4+ ambiguous date config is set
+  correctly when using `use_euro_formats` or `remove_use_formats'.
 
 Breaking Changes
 * Update Multiparameter extension to use ActiveRecord type classes with multiparameter handling
diff --git a/lib/validates_timeliness/version.rb b/lib/validates_timeliness/version.rb
index 9626dff..7158934 100644
--- a/lib/validates_timeliness/version.rb
+++ b/lib/validates_timeliness/version.rb
@@ -1,3 +1,3 @@
 module ValidatesTimeliness
-  VERSION = '5.0.0.alpha4'
+  VERSION = '5.0.0.alpha5'
 end