diff --git a/CMakeLists.txt b/CMakeLists.txt
index f67f49072..58b3971e6 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,7 @@ cmake_minimum_required(VERSION 2.8.4)
 project(OpenBLAS)
 set(OpenBLAS_MAJOR_VERSION 0)
 set(OpenBLAS_MINOR_VERSION 2)
-set(OpenBLAS_PATCH_VERSION 16.rc1)
+set(OpenBLAS_PATCH_VERSION 16)
 set(OpenBLAS_VERSION "${OpenBLAS_MAJOR_VERSION}.${OpenBLAS_MINOR_VERSION}.${OpenBLAS_PATCH_VERSION}")
 
 enable_language(ASM)
diff --git a/Changelog.txt b/Changelog.txt
index 8bc267567..c285a70a4 100644
--- a/Changelog.txt
+++ b/Changelog.txt
@@ -1,4 +1,21 @@
 OpenBLAS ChangeLog
+====================================================================
+Version 0.2.16
+15-Mar-2016
+common:
+	* Avoid potential getenv segfault. (#716)
+	* Import LAPACK svn bugfix #142-#147,#150-#155
+
+x86/x86_64:
+	* Optimize c/zgemv for AMD Bulldozer, Piledriver, Steamroller
+	* Fix bug with scipy linalg test.
+
+ARM:
+	* Improve DGEMM for ARM Cortex-A57. (Thanks, Ashwin Sekhar T K)
+
+POWER:
+	* Optimize D and Z BLAS3 functions for Power8.
+
 ====================================================================
 Version 0.2.16.rc1
 23-Feb-2016
diff --git a/Makefile.rule b/Makefile.rule
index 1d7112e96..fe4219aab 100644
--- a/Makefile.rule
+++ b/Makefile.rule
@@ -3,7 +3,7 @@
 #
 
 # This library's version
-VERSION = 0.2.16.rc1
+VERSION = 0.2.16
 
 # If you set the suffix, the library name will be libopenblas_$(LIBNAMESUFFIX).a
 # and libopenblas_$(LIBNAMESUFFIX).so. Meanwhile, the soname in shared library