diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5f0ff21e..7cc01384 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ## CHANGELOG
 
+### `v1.27.4`
+
+Fixes
+* Don't fail an Other Transaction upon expected error. [#357](https://github.com/newrelic/elixir_agent/pull/357)
+
 ### `v1.27.3`
 
 Fixes
diff --git a/VERSION b/VERSION
index 3bae5204..d6201580 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.27.3
+1.27.4