diff --git a/.gitignore b/.gitignore
index 94ab9bd..33b3f80 100644
--- a/.gitignore
+++ b/.gitignore
@@ -13,3 +13,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.3.0.zip
 /fonttools-3.3.1.zip
 /fonttools-3.4.0.zip
+/fonttools-3.5.0.zip
diff --git a/fonttools.spec b/fonttools.spec
index 45a1026..764edb1 100644
--- a/fonttools.spec
+++ b/fonttools.spec
@@ -7,7 +7,7 @@ contains a tool called “TTX” which converts TrueType/OpenType fonts to and \
 from an XML-based format.
 
 Name:           fonttools
-Version:        3.4.0
+Version:        3.5.0
 Release:        1%{?dist}
 Summary:        Tools to manipulate font files
 License:        BSD
@@ -80,6 +80,9 @@ sed -i '1d' Lib/fontTools/mtiLib/__init__.py
 %{python3_sitelib}/%{name}-%{version}-py3.?.egg-info
 
 %changelog
+* Mon Jan 16 2017 Parag Nemade <pnemade AT redhat DOT com> - 3.5.0-1
+- Update to 3.5.0 version
+
 * Thu Dec 22 2016 Parag Nemade <pnemade AT redhat DOT com> - 3.4.0-1
 - Update to 3.4.0 version
 
diff --git a/sources b/sources
index 9c16286..0a9bcf3 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.4.0.zip) = ac95f01b2b2e193308b0d8e3afb59db826a948729b4fe72542f9a504b372cffb17b10294c56f586292ed415cbfc13c61ca96b97bd459854250572223285c6c45
+SHA512 (fonttools-3.5.0.zip) = 45c40db6f3a3c5eb322960d1d4fbd3edd52c75bc209650876bf730a47e59bc52dc8325f198772c66801c70ce5d415e1a7fe20fec607e9e12962343b2e9ce07eb