diff --git a/HISTORY.rst b/HISTORY.rst
index 586b3a9f..4d818c50 100644
--- a/HISTORY.rst
+++ b/HISTORY.rst
@@ -3,6 +3,11 @@
 Release History
 ===============
 
+4.7.0
+++++++
+* Unblock CLI generator when local aaz repo misses command models or versions. (#572)
+* Fix data-plane spec discovery and code generation. (#571)
+
 4.6.2
 ++++++
 * Fix invalid Python identifiers generated from generic type names containing angle brackets (e.g. ``Record<...>``).
diff --git a/version.py b/version.py
index a06ec27d..44b70029 100644
--- a/version.py
+++ b/version.py
@@ -1,5 +1,5 @@
 
-_MAJOR, _MINOR, _PATCH, _SUFFIX = ("4", "6", "2", "")
+_MAJOR, _MINOR, _PATCH, _SUFFIX = ("4", "7", "0", "")
 
 # _PATCH: On main and in a nightly release the patch should be one ahead of the last released build.
 # _SUFFIX: This is mainly for nightly builds which have the suffix ".dev$DATE". See