diff --git a/CHANGES b/CHANGES
index 8dee2f5c56..ec749a148c 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,18 @@
+2016.11.2, Released January 25th, 2017
+
+	Important / security related fixes.
+
+	A fix for BR2_EXTERNAL trees referenced using relative paths,
+	which broke in 2016.11.
+
+	Updated/fixed packages: bind, docker-engine, gd, gnutls, go,
+	imagemagick, irssi, libpng, libvncserver, musl, opus, php,
+	php-imagick, rabbitmq-server, runc, wireshark,
+
+	Issues resolved (http://bugs.buildroot.org):
+
+	#9576: External tree with BR 2016.11 does not work anymore
+
 2016.11.1, Released December 29th, 2016
 
 	Important / security related fixes.
diff --git a/Makefile b/Makefile
index 97f1bdd328..1d119ae557 100644
--- a/Makefile
+++ b/Makefile
@@ -83,7 +83,7 @@ else # umask / $(CURDIR) / $(O)
 all:
 
 # Set and export the version string
-export BR2_VERSION := 2016.11.1
+export BR2_VERSION := 2016.11.2
 
 # Save running make version since it's clobbered by the make package
 RUNNING_MAKE_VERSION := $(MAKE_VERSION)