diff --git a/CHANGELOG.md b/CHANGELOG.md
index 064d4b5f3e..bc151740cc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+## 2.33.2 / 2022-02-11
+
+* [BUGFIX] Azure SD: Fix panic when IP Address isn't set. #10280
+* [BUGFIX] Remote-write: Fix deadlock when stopping a shard. #10279
+
 ## 2.33.1 / 2022-02-02
 
 * [BUGFIX] SD: Fix _no such file or directory_ in K8s SD when not running inside K8s. #10235
diff --git a/VERSION b/VERSION
index ba13d3caf2..0b82b8d70e 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.33.1
+2.33.2