diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 8232140dff..4b8d9d0b7f 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 62.3.0
+current_version = 62.3.1
 commit = True
 tag = True
 
diff --git a/CHANGES.rst b/CHANGES.rst
index be005ad74c..d30152966f 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,3 +1,13 @@
+v62.3.1
+-------
+
+
+Misc
+^^^^
+* #3320: Fixed typo which causes ``namespace_packages`` to raise an error instead of
+  warning.
+
+
 v62.3.0
 -------
 
diff --git a/changelog.d/3320.misc.rst b/changelog.d/3320.misc.rst
deleted file mode 100644
index a7ed1197c4..0000000000
--- a/changelog.d/3320.misc.rst
+++ /dev/null
@@ -1,2 +0,0 @@
-Fixed typo which causes ``namespace_packages`` to raise an error instead of
-warning.
diff --git a/setup.cfg b/setup.cfg
index a4b0333d7e..f4a5473f7e 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = setuptools
-version = 62.3.0
+version = 62.3.1
 author = Python Packaging Authority
 author_email = distutils-sig@python.org
 description = Easily download, build, install, upgrade, and uninstall Python packages