diff --git a/00-RELEASENOTES b/00-RELEASENOTES
index 07c85e3e..97bb8215 100644
--- a/00-RELEASENOTES
+++ b/00-RELEASENOTES
@@ -14,6 +14,22 @@ HIGH:     There is a critical bug that may affect a subset of users. Upgrade!
 CRITICAL: There is a critical bug affecting MOST USERS. Upgrade ASAP.
 --------------------------------------------------------------------------------
 
+--[ Redis 2.6.16 ] Release date: 28 Aug 2013
+
+UPGRADE URGENCY: MODERATE.
+
+* [FIX] Stop writes when fork() fails when trying to BGSAVE. BGSAVE errors
+        were trapped only in the case the saving child failed, so the fork()
+        error was no trapped as no child is created at all.
+* [FIX] Fix a serious memory efficiency regression, Redis 2.6.16 is
+        significantly better with large values (>= a few kbytes) and will
+        be able to store two times the amount of data compared to Redis 2.6.15
+        when values are in that range.
+* [FIX] Fixed an issue with Table conversion in the lua-cmsgpack library exposed
+        by the Redis scripting engine.
+* [NEW] DEBUG SDSLEN was introduced to debug memory inefficiencies due to
+        SDS allocation more easily.
+
 --[ Redis 2.6.15 ] Release date: 21 Aug 2013
 
 UPGRADE URGENCY: MODERATE, upgrade ASAP only if you experience issues related to
diff --git a/src/version.h b/src/version.h
index 52d0b3ac..845887b2 100644
--- a/src/version.h
+++ b/src/version.h
@@ -1 +1 @@
-#define REDIS_VERSION "2.6.15"
+#define REDIS_VERSION "2.6.16"