diff --git a/guestfs-tools.spec b/guestfs-tools.spec
index e0a6f91..2d56ae6 100644
--- a/guestfs-tools.spec
+++ b/guestfs-tools.spec
@@ -25,8 +25,8 @@
 
 Summary:       Tools to access and modify virtual machine disk images
 Name:          guestfs-tools
-Version:       1.49.7
-Release:       2%{?dist}
+Version:       1.49.8
+Release:       1%{?dist}
 License:       GPLv2+
 
 # Build only for architectures that have a kernel
@@ -429,6 +429,9 @@ end
 
 
 %changelog
+* Tue Jan 17 2022 Richard W.M. Jones <rjones@redhat.com> - 1.49.8-1
+- New upstream development version 1.49.8
+
 * Sat Dec 10 2022 Richard W.M. Jones <rjones@redhat.com> - 1.49.7-2
 - New upstream development version 1.49.7
 
diff --git a/sources b/sources
index 118edae..431ac48 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (guestfs-tools-1.49.7.tar.gz) = 0ec94d1314ae44107d1a6e51bf7f495cac77b11b9bfc297b64ff1fa6d196bb5016adc469240aa02635abd7527909bef7bf16a3bf98c872f5b9d37a928b79c67e
-SHA512 (guestfs-tools-1.49.7.tar.gz.sig) = 8e0c150db714cc866e1efb63e0a8bbc9c1d50fbce07ca345abd327ff97a5e548ca846d64f7e34db1a6f3a957bfb2b6b98e991368d78c0db1622a4e8ff184d4d5
+SHA512 (guestfs-tools-1.49.8.tar.gz) = 354ee95d0b01afd1270974ceb37b39a9555821f5e3fe70b7c0eca55f5407a12c01f42e21c1252e685f572182b39e4ee8b01d8aa3269f8abcbc6b263a7caaa136
+SHA512 (guestfs-tools-1.49.8.tar.gz.sig) = 3573e628ec17ce9147aa36ef9d53a0ce7fff57bc1ce9707bdcd13f488f4f0f690ebaded640053faaab018cac49c27e2b0e2651d5afe229d8b949c53ba1aaf60d