diff --git a/CHANGES.rst b/CHANGES.rst
index 19f723d..643ffb0 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,6 +1,26 @@
 CHANGES
 =======
 
+2.4.0 - 2015-03-07
+------------------
+
+- **Bug** Print filenames when using multiprocessing and ``-q`` option.
+  (`GitLab#31`_)
+
+- **Bug** Put upper cap on dependencies. The caps for 2.4.0 are:
+
+  - ``pep8 < 1.6`` (Related to `GitLab#35`_)
+
+  - ``mccabe < 0.4``
+
+  - ``pyflakes < 0.9``
+
+  See also `GitLab#32`_
+
+.. _GitLab#31: https://gitlab.com/pycqa/flake8/issues/31
+.. _GitLab#32: https://gitlab.com/pycqa/flake8/issues/32
+.. _GitLab#35: https://gitlab.com/pycqa/flake8/issues/35
+
 2.3.0 - 2015-01-04
 ------------------
 
diff --git a/flake8/__init__.py b/flake8/__init__.py
index 8219039..913b4d4 100644
--- a/flake8/__init__.py
+++ b/flake8/__init__.py
@@ -1 +1 @@
-__version__ = '2.3.0'
+__version__ = '2.4.0.dev0'
diff --git a/setup.py b/setup.py
index 33dd763..369a71c 100644
--- a/setup.py
+++ b/setup.py
@@ -49,9 +49,9 @@ setup(
     url="https://gitlab.com/pycqa/flake8",
     packages=["flake8", "flake8.tests"],
     install_requires=[
-        "pyflakes >= 0.8.1",
-        "pep8 >= 1.5.7",
-        "mccabe >= 0.2.1",
+        "pyflakes >= 0.8.1, < 0.9",
+        "pep8 >= 1.5.7, < 1.6",
+        "mccabe >= 0.2.1, < 0.4",
     ],
     entry_points={
         'distutils.commands': ['flake8 = flake8.main:Flake8Command'],