diff --git a/python-timeout-decorator.changes b/python-timeout-decorator.changes
index 3a877b4..7ccb7b9 100644
--- a/python-timeout-decorator.changes
+++ b/python-timeout-decorator.changes
@@ -1,3 +1,11 @@
+-------------------------------------------------------------------
+Fri May 12 11:54:22 UTC 2023 - Dirk Müller <dmueller@suse.com>
+
+- update to 0.5.0:
+  * Allow to use timeout in function kwargs even when initial
+    seconds is None
+  * drop support for 2.6, 3.4, 3.5 and add support for 3.7, 3.8, 3.9
+
 -------------------------------------------------------------------
 Wed Feb 19 02:09:49 PM UTC 2020 - John Vandenberg <jayvdb@gmail.com>
 
diff --git a/python-timeout-decorator.spec b/python-timeout-decorator.spec
index 51bf2b3..b603bbc 100644
--- a/python-timeout-decorator.spec
+++ b/python-timeout-decorator.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package python-timeout-decorator
 #
-# Copyright (c) 2021 SUSE LLC
+# Copyright (c) 2023 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -12,27 +12,27 @@
 # license that conforms to the Open Source Definition (Version 1.9)
 # published by the Open Source Initiative.
 
-# Please submit bugfixes or comments via http://bugs.opensuse.org/
+# Please submit bugfixes or comments via https://bugs.opensuse.org/
+#
 
 
 %{?!python_module:%define python_module() python-%{**} python3-%{**}}
 Name:           python-timeout-decorator
-Version:        0.4.1
+Version:        0.5.0
 Release:        0
-License:        MIT
 Summary:        Python timeout decorator
-Url:            https://github.com/pnpnpn/timeout-decorator
+License:        MIT
 Group:          Development/Languages/Python
+URL:            https://github.com/pnpnpn/timeout-decorator
 Source:         https://files.pythonhosted.org/packages/source/t/timeout-decorator/timeout-decorator-%{version}.tar.gz
 Source1:        https://raw.githubusercontent.com/pnpnpn/timeout-decorator/master/tests/test_timeout_decorator.py
 # https://github.com/pnpnpn/timeout-decorator/issues/68
 Source2:        https://raw.githubusercontent.com/pnpnpn/timeout-decorator/master/LICENSE.txt
-BuildRequires:  python-rpm-macros
 BuildRequires:  %{python_module pytest}
 BuildRequires:  %{python_module setuptools}
 BuildRequires:  fdupes
+BuildRequires:  python-rpm-macros
 BuildArch:      noarch
-
 %python_subpackages
 
 %description
@@ -50,8 +50,7 @@ cp %{SOURCE1} %{SOURCE2} .
 %python_expand %fdupes %{buildroot}%{$python_sitelib}
 
 %check
-# https://github.com/pnpnpn/timeout-decorator/issues/69
-%pytest -k 'not test_timeout_kwargs_with_initial_timeout_none'
+%pytest
 
 %files %{python_files}
 %doc CHANGES.rst README.rst
diff --git a/timeout-decorator-0.4.1.tar.gz b/timeout-decorator-0.4.1.tar.gz
deleted file mode 100644
index 8361379..0000000
--- a/timeout-decorator-0.4.1.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:1a5e276e75c1c5acbf3cdbd9b5e45d77e1f8626f93e39bd5115d68119171d3c6
-size 4771
diff --git a/timeout-decorator-0.5.0.tar.gz b/timeout-decorator-0.5.0.tar.gz
new file mode 100644
index 0000000..92594a6
--- /dev/null
+++ b/timeout-decorator-0.5.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:6a2f2f58db1c5b24a2cc79de6345760377ad8bdc13813f5265f6c3e63d16b3d7
+size 4754