diff --git a/CHANGELOG.md b/CHANGELOG.md
index cac7844f2f..a502975bff 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,29 @@
+Changes in [1.11.40](https://github.com/vector-im/element-web/releases/tag/v1.11.40) (2023-08-29)
+=================================================================================================
+
+## ✨ Features
+ * Hide account deactivation for externally managed accounts ([\#11445](https://github.com/matrix-org/matrix-react-sdk/pull/11445)). Fixes #26022. Contributed by @kerryarchibald.
+ * OIDC: Redirect to delegated auth provider when signing out ([\#11432](https://github.com/matrix-org/matrix-react-sdk/pull/11432)). Fixes #26000. Contributed by @kerryarchibald.
+ * Disable 3pid fields in settings when `m.3pid_changes` capability is disabled ([\#11430](https://github.com/matrix-org/matrix-react-sdk/pull/11430)). Fixes #25995. Contributed by @kerryarchibald.
+ * OIDC: disable multi session signout for OIDC-aware servers in session manager ([\#11431](https://github.com/matrix-org/matrix-react-sdk/pull/11431)). Contributed by @kerryarchibald.
+ * Implement updated open dialog method of the Module API ([\#11395](https://github.com/matrix-org/matrix-react-sdk/pull/11395)). Contributed by @dhenneke.
+ * Polish & delabs `Exploring public spaces` feature ([\#11423](https://github.com/matrix-org/matrix-react-sdk/pull/11423)).
+ * Treat lists with a single empty item as plain text, not Markdown. ([\#6833](https://github.com/matrix-org/matrix-react-sdk/pull/6833)). Fixes vector-im/element-meta#1265.
+ * Allow managing room knocks ([\#11404](https://github.com/matrix-org/matrix-react-sdk/pull/11404)). Contributed by @charlynguyen.
+ * Pin the action buttons to the bottom of the scrollable dialogs ([\#11407](https://github.com/matrix-org/matrix-react-sdk/pull/11407)). Contributed by @dhenneke.
+ * Support Matrix 1.1 (drop legacy r0 versions) ([\#9819](https://github.com/matrix-org/matrix-react-sdk/pull/9819)).
+
+## 🐛 Bug Fixes
+ * Fix path separator for Windows based systems ([\#25997](https://github.com/vector-im/element-web/pull/25997)).
+ * Fix instances of double translation and guard translation calls using typescript ([\#11443](https://github.com/matrix-org/matrix-react-sdk/pull/11443)).
+ * Fix export type "Current timeline" to match its behaviour to its name ([\#11426](https://github.com/matrix-org/matrix-react-sdk/pull/11426)). Fixes #25988.
+ * Fix Room Settings > Notifications file upload input being shown superfluously ([\#11415](https://github.com/matrix-org/matrix-react-sdk/pull/11415)). Fixes #18392.
+ * Simplify registration with email validation ([\#11398](https://github.com/matrix-org/matrix-react-sdk/pull/11398)). Fixes #25832 #23601 and #22297.
+ * correct home server URL ([\#11391](https://github.com/matrix-org/matrix-react-sdk/pull/11391)). Fixes #25931. Contributed by @NSV1991.
+ * Include non-matching DMs in Spotlight recent conversations when the DM's userId is part of the search API results ([\#11374](https://github.com/matrix-org/matrix-react-sdk/pull/11374)). Contributed by @mgcm.
+ * Fix useRoomMembers missing updates causing incorrect membership counts ([\#11392](https://github.com/matrix-org/matrix-react-sdk/pull/11392)). Fixes #17096.
+ * Show error when searching public rooms fails ([\#11378](https://github.com/matrix-org/matrix-react-sdk/pull/11378)).
+
 Changes in [1.11.39](https://github.com/vector-im/element-web/releases/tag/v1.11.39) (2023-08-15)
 =================================================================================================
 
diff --git a/package.json b/package.json
index 897a6b33ce..0b0c6da48f 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.39",
+    "version": "1.11.40",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {
@@ -74,8 +74,8 @@
         "gfm.css": "^1.1.2",
         "jsrsasign": "^10.5.25",
         "katex": "^0.16.0",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
-        "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
+        "matrix-js-sdk": "28.0.0",
+        "matrix-react-sdk": "3.79.0",
         "matrix-widget-api": "^1.3.1",
         "react": "17.0.2",
         "react-dom": "17.0.2",
diff --git a/yarn.lock b/yarn.lock
index a58bd5ee32..724096b06a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8861,7 +8861,7 @@ matrix-mock-request@^2.5.0:
     maplibre-gl "^2.0.0"
     matrix-encrypt-attachment "^1.0.3"
     matrix-events-sdk "0.0.1"
-    matrix-js-sdk "github:matrix-org/matrix-js-sdk#develop"
+    matrix-js-sdk "28.0.0"
     matrix-widget-api "^1.5.0"
     memoize-one "^6.0.0"
     minimist "^1.2.5"