diff --git a/CHANGES.md b/CHANGES.md
index 38338f1fdb..bf3e8d692d 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,10 @@
+# Synapse 1.118.0 (2024-10-29)
+
+No significant changes since 1.118.0rc1.
+
+
+
+
 # Synapse 1.118.0rc1 (2024-10-22)
 
 ### Python 3.8 support will be dropped in the next release
diff --git a/debian/changelog b/debian/changelog
index 9fb360c330..384887888f 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+matrix-synapse-py3 (1.118.0) stable; urgency=medium
+
+  * New Synapse release 1.118.0.
+
+ -- Synapse Packaging team <packages@matrix.org>  Tue, 29 Oct 2024 15:29:53 +0100
+
 matrix-synapse-py3 (1.118.0~rc1) stable; urgency=medium
 
   * New Synapse release 1.118.0rc1.
diff --git a/pyproject.toml b/pyproject.toml
index 6cdd6850b1..5af9a4145b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -97,7 +97,7 @@ module-name = "synapse.synapse_rust"
 
 [tool.poetry]
 name = "matrix-synapse"
-version = "1.118.0rc1"
+version = "1.118.0"
 description = "Homeserver for the Matrix decentralised comms protocol"
 authors = ["Matrix.org Team and Contributors <packages@matrix.org>"]
 license = "AGPL-3.0-or-later"