diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index d02080fb8..dfe589402 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -3,6 +3,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "4.45.2.dev0"
+version = __version__ = "4.46.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index 11e3792e9..775bb5e85 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+4.46.0 (released 2023-12-02)
+----------------------------
+
 - [featureVars] Allow to register the same set of substitution rules to multiple features.
   The ``addFeatureVariations`` function can now take a list of featureTags; similarly, the
   lib key 'com.github.fonttools.varLib.featureVarsFeatureTag' can now take a
diff --git a/setup.cfg b/setup.cfg
index f38671aa9..f9caadf67 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.45.2.dev0
+current_version = 4.46.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 8f01dc74d..7a0b886fe 100755
--- a/setup.py
+++ b/setup.py
@@ -467,7 +467,7 @@ if ext_modules:
 
 setup_params = dict(
     name="fonttools",
-    version="4.45.2.dev0",
+    version="4.46.0",
     description="Tools to manipulate font files",
     author="Just van Rossum",
     author_email="just@letterror.com",