diff --git a/ABI_VERSION b/ABI_VERSION
index ea8c92af65..c598172d8d 100644
--- a/ABI_VERSION
+++ b/ABI_VERSION
@@ -1 +1 @@
-21.1
+21.2
diff --git a/VERSION b/VERSION
index 02e8cfea89..5a12c01a05 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-21.02.0
+21.05.0-rc0
diff --git a/doc/guides/rel_notes/index.rst b/doc/guides/rel_notes/index.rst
index 3f485c2de2..4c423c8d9a 100644
--- a/doc/guides/rel_notes/index.rst
+++ b/doc/guides/rel_notes/index.rst
@@ -8,6 +8,7 @@ Release Notes
     :maxdepth: 1
     :numbered:
 
+    release_21_05
     release_21_02
     release_20_11
     release_20_08
diff --git a/doc/guides/rel_notes/release_21_05.rst b/doc/guides/rel_notes/release_21_05.rst
new file mode 100644
index 0000000000..5aa9ed7db6
--- /dev/null
+++ b/doc/guides/rel_notes/release_21_05.rst
@@ -0,0 +1,138 @@
+.. SPDX-License-Identifier: BSD-3-Clause
+   Copyright 2021 The DPDK contributors
+
+.. include:: <isonum.txt>
+
+DPDK Release 21.05
+==================
+
+.. **Read this first.**
+
+   The text in the sections below explains how to update the release notes.
+
+   Use proper spelling, capitalization and punctuation in all sections.
+
+   Variable and config names should be quoted as fixed width text:
+   ``LIKE_THIS``.
+
+   Build the docs and view the output file to ensure the changes are correct::
+
+      make doc-guides-html
+      xdg-open build/doc/html/guides/rel_notes/release_21_05.html
+
+
+New Features
+------------
+
+.. This section should contain new features added in this release.
+   Sample format:
+
+   * **Add a title in the past tense with a full stop.**
+
+     Add a short 1-2 sentence description in the past tense.
+     The description should be enough to allow someone scanning
+     the release notes to understand the new feature.
+
+     If the feature adds a lot of sub-features you can use a bullet list
+     like this:
+
+     * Added feature foo to do something.
+     * Enhanced feature bar to do something else.
+
+     Refer to the previous release notes for examples.
+
+     Suggested order in release notes items:
+     * Core libs (EAL, mempool, ring, mbuf, buses)
+     * Device abstraction libs and PMDs
+       - ethdev (lib, PMDs)
+       - cryptodev (lib, PMDs)
+       - eventdev (lib, PMDs)
+       - etc
+     * Other libs
+     * Apps, Examples, Tools (if significant)
+
+     This section is a comment. Do not overwrite or remove it.
+     Also, make sure to start the actual text at the margin.
+     =======================================================
+
+
+Removed Items
+-------------
+
+.. This section should contain removed items in this release. Sample format:
+
+   * Add a short 1-2 sentence description of the removed item
+     in the past tense.
+
+   This section is a comment. Do not overwrite or remove it.
+   Also, make sure to start the actual text at the margin.
+   =======================================================
+
+
+API Changes
+-----------
+
+.. This section should contain API changes. Sample format:
+
+   * sample: Add a short 1-2 sentence description of the API change
+     which was announced in the previous releases and made in this release.
+     Start with a scope label like "ethdev:".
+     Use fixed width quotes for ``function_names`` or ``struct_names``.
+     Use the past tense.
+
+   This section is a comment. Do not overwrite or remove it.
+   Also, make sure to start the actual text at the margin.
+   =======================================================
+
+
+ABI Changes
+-----------
+
+.. This section should contain ABI changes. Sample format:
+
+   * sample: Add a short 1-2 sentence description of the ABI change
+     which was announced in the previous releases and made in this release.
+     Start with a scope label like "ethdev:".
+     Use fixed width quotes for ``function_names`` or ``struct_names``.
+     Use the past tense.
+
+   This section is a comment. Do not overwrite or remove it.
+   Also, make sure to start the actual text at the margin.
+   =======================================================
+
+* No ABI change that would break compatibility with 20.11.
+
+
+Known Issues
+------------
+
+.. This section should contain new known issues in this release. Sample format:
+
+   * **Add title in present tense with full stop.**
+
+     Add a short 1-2 sentence description of the known issue
+     in the present tense. Add information on any known workarounds.
+
+   This section is a comment. Do not overwrite or remove it.
+   Also, make sure to start the actual text at the margin.
+   =======================================================
+
+
+Tested Platforms
+----------------
+
+.. This section should contain a list of platforms that were tested
+   with this release.
+
+   The format is:
+
+   * <vendor> platform with <vendor> <type of devices> combinations
+
+     * List of CPU
+     * List of OS
+     * List of devices
+     * Other relevant details...
+
+   This section is a comment. Do not overwrite or remove it.
+   Also, make sure to start the actual text at the margin.
+   =======================================================