diff --git a/ChangeLog b/ChangeLog
index 92c5c4fa4a06afbc5435f70dbb5745d1874e486e..22962c4bdeb4120787decb76a24d0ef1608d9cda 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,6 @@
+2014-11-04, v0.7.4
+	* Handle cases where qemu-nbd command is missing
+
 2014-10-21, v0.7.3
 	* Instruct kamaki to ignore the ssl certificates (kamaki >= 0.13rc5).
 
diff --git a/image_creator/version.py b/image_creator/version.py
index be97e54bc7d84fc143fcc7b23ecc0b0bc4274aa1..96ec7ff099569dd36a557783007d3b6b180df418 100644
--- a/image_creator/version.py
+++ b/image_creator/version.py
@@ -1,8 +1,8 @@
 
-__version__ = "0.7.3"
+__version__ = "0.7.4"
 __version_vcs_info__ = {
-    'branch': 'hotfix-0.7.3',
-    'revid': '5de748e',
-    'revno': 586}
+    'branch': 'hotfix-0.7.4',
+    'revid': '430b262',
+    'revno': 593}
 __version_user_email__ = "skalkoto@grnet.gr"
 __version_user_name__ = "Nikos Skalkotos"