diff --git a/libpfm.spec b/libpfm.spec
index 216d457..f372ee1 100644
--- a/libpfm.spec
+++ b/libpfm.spec
@@ -10,7 +10,7 @@
 
 Name:		libpfm
 Version:	4.9.0
-Release:	1%{?dist}
+Release:	2%{?dist}
 
 Summary:	Library to encode performance events for use by perf tool
 
@@ -20,8 +20,8 @@ URL:		http://perfmon2.sourceforge.net/
 Source0:	http://sourceforge.net/projects/perfmon2/files/libpfm4/%{name}-%{version}.tar.gz
 
 %if %{with python}
-BuildRequires:	python-devel
-BuildRequires:	python-setuptools
+BuildRequires:	python2-devel
+BuildRequires:	python2-setuptools
 BuildRequires:	swig
 %endif
 
@@ -113,6 +113,10 @@ make \
 %endif
 
 %changelog
+* Tue Jan 09 2018 Iryna Shcherbina <ishcherb@redhat.com> - 4.9.0-2
+- Update Python 2 dependency declarations to new packaging standards
+  (See https://fedoraproject.org/wiki/FinalizingFedoraSwitchtoPython3)
+
 * Thu Jan 4 2018 William Cohen <wcohen@redhat.com> - 4.9.0-1
 - Rebase on libpfm-4.9.0.