diff --git a/_service b/_service
index 4f264e0..cb21d61 100644
--- a/_service
+++ b/_service
@@ -1,6 +1,6 @@
 <services>
   <service name="tar_scm" mode="disabled">
-    <param name="version">0.4.9</param>
+    <param name="version">0.5.0</param>
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="versionrewrite-pattern">v(\d+\.\d+\.\d+)</param>
     <param name="url">https://github.com/openSUSE/libeconf.git</param>
diff --git a/_servicedata b/_servicedata
index ae7e011..1bc923b 100644
--- a/_servicedata
+++ b/_servicedata
@@ -1,6 +1,6 @@
 <servicedata>
   <service name="tar_scm">
     <param name="url">https://github.com/openSUSE/libeconf.git</param>
-    <param name="changesrevision">3f363ba03817b337c75bb411a8f561a59751cb56</param>
+    <param name="changesrevision">40d70bbe6ebf992082d8c83df522ec9e36364a1b</param>
  </service>
 </servicedata>
\ No newline at end of file
diff --git a/libeconf-0.4.9.tar.xz b/libeconf-0.4.9.tar.xz
deleted file mode 100644
index 5dce2d4..0000000
--- a/libeconf-0.4.9.tar.xz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:2d541e902de26498bfd894931ac3a80f7899da4d3171124320640967a409419c
-size 147820
diff --git a/libeconf-0.5.0.tar.xz b/libeconf-0.5.0.tar.xz
new file mode 100644
index 0000000..c19d3b5
--- /dev/null
+++ b/libeconf-0.5.0.tar.xz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:6efa4d3b030641f182111cdb5115db3c41ace8ce32245f16179befb6014c59b9
+size 147980
diff --git a/libeconf.changes b/libeconf.changes
index 440dbc1..31abb04 100644
--- a/libeconf.changes
+++ b/libeconf.changes
@@ -1,3 +1,15 @@
+-------------------------------------------------------------------
+Fri Dec 02 14:13:24 UTC 2022 - schubi@suse.com
+
+- Update to version 0.5.0:
+  * API calls econf_read*WithCallback supporting a general (void *)
+    argument for user defined data with which the callback function is
+    called.
+  * Tagged following functions deprecated:
+    econf_requireOwner, econf_requireGroup, econf_requirePermissions,
+    econf_followSymlinks, econf_reset_security_settings
+    Use one of the econf_read*WithCallback functions instead.
+
 -------------------------------------------------------------------
 Wed Nov 23 14:01:34 UTC 2022 - schubi@suse.com
 
diff --git a/libeconf.spec b/libeconf.spec
index cc16310..f2d2c16 100644
--- a/libeconf.spec
+++ b/libeconf.spec
@@ -18,7 +18,7 @@
 
 %define lname	libeconf0
 Name:           libeconf
-Version:        0.4.9
+Version:        0.5.0
 Release:        0
 Summary:        Enhanced config file parser ala systemd
 License:        LGPL-2.1-or-later