diff --git a/PKGBUILD b/PKGBUILD
index 839767c..84d5091 100644
--- a/PKGBUILD
+++ b/PKGBUILD
@@ -1,5 +1,5 @@
 pkgname=obs-service-recompress
-pkgver=0.4.0+git20200123.696d003
+pkgver=0.5.0
 pkgrel=0
 pkgdesc="An OBS source service: Recompress files"
 arch=('i686' 'x86_64')
diff --git a/_service b/_service
index b5c276f..555b33f 100644
--- a/_service
+++ b/_service
@@ -2,9 +2,9 @@
   <service mode="disabled" name="tar_scm">
     <param name="url">git@github.com:openSUSE/obs-service-recompress.git</param>
     <param name="scm">git</param>
-    <param name="version">git-master</param>
-    <param name="versionformat">@PARENT_TAG@+git%cd.%h</param>
-    <param name="revision">master</param>
+    <param name="exclude">.git</param>
+    <param name="version">0.5.0</param>
+    <param name="revision">0.5.0</param>
     <param name="changesgenerate">enable</param>
   </service>
 
diff --git a/_servicedata b/_servicedata
index 389178b..23cb2f2 100644
--- a/_servicedata
+++ b/_servicedata
@@ -1,4 +1,6 @@
 <servicedata>
-<service name="tar_scm">
-            <param name="url">git@github.com:openSUSE/obs-service-recompress.git</param>
-          <param name="changesrevision">696d003be1c1ac48e4a77dedb4e594c794a301fe</param></service></servicedata>
\ No newline at end of file
+ <service name="tar_scm">
+   <param name="url">git@github.com:openSUSE/obs-service-recompress.git</param>
+   <param name="changesrevision">a821ab0e08ec171891c3bbcf16fd97c3cf00a82b</param>
+ </service>
+</servicedata>
diff --git a/debian.dsc b/debian.dsc
index e6ef287..3fd0a04 100644
--- a/debian.dsc
+++ b/debian.dsc
@@ -1,6 +1,6 @@
 Format: 1.0
 Source: obs-service-recompress
-Version: 0.4.0+git20200123.696d003-0
+Version: 0.5.0-0
 Binary: obs-service-recompress
 Maintainer: Adrian Schroeter <adrian@suse.de>
 Architecture: all
diff --git a/obs-service-recompress-0.5.0.tar.gz b/obs-service-recompress-0.5.0.tar.gz
new file mode 100644
index 0000000..a7223f1
--- /dev/null
+++ b/obs-service-recompress-0.5.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:ed744833bfd1fa0f3c0e525f491791c63449477f2b5f7039f1b6e1bce2018a65
+size 11436
diff --git a/obs-service-recompress.changes b/obs-service-recompress.changes
index ccd1903..eba41f1 100644
--- a/obs-service-recompress.changes
+++ b/obs-service-recompress.changes
@@ -1,3 +1,13 @@
+-------------------------------------------------------------------
+Mon Jul 27 06:25:18 UTC 2020 - adrian@suse.de
+
+- Update to version 0.5.0:
+  * do not follow symlinks (issue 9)
+  * add license file
+  * compression using # of core threads for zstd and xz
+  * Add support for keeping of original file
+  * use --threads=0
+
 -------------------------------------------------------------------
 Thu Jan 23 08:44:27 UTC 2020 - adrian@suse.de
 
diff --git a/obs-service-recompress.spec b/obs-service-recompress.spec
index f9514d2..94bc6eb 100644
--- a/obs-service-recompress.spec
+++ b/obs-service-recompress.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package obs-service-recompress
 #
-# Copyright (c) 2020 SUSE LINUX GmbH, Nuernberg, Germany.
+# Copyright (c) 2020 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -19,12 +19,12 @@
 %define service recompress
 
 Name:           obs-service-%{service}
-Version:        0.4.0+git20200123.696d003
+Version:        0.5.0
 Release:        0
 Summary:        An OBS source service: Recompress files
 License:        GPL-2.0-or-later
 Group:          Development/Tools/Building
-Url:            https://github.com/openSUSE/obs-service-%{service}
+URL:            https://github.com/openSUSE/obs-service-%{service}
 Source:         %{name}-%{version}.tar.gz
 BuildRequires:  bzip2
 BuildRequires:  gzip