diff --git a/ANNOUNCE-3.2.5 b/ANNOUNCE-3.2.5
new file mode 100644
index 0000000..396da12
--- /dev/null
+++ b/ANNOUNCE-3.2.5
@@ -0,0 +1,31 @@
+Subject:  ANNOUNCE: mdadm 3.2.5 - A tool for managing Soft RAID under Linux
+
+I am somewhat disappointed to have to announce the availability of
+   mdadm version 3.2.5
+
+It is available at the usual places, now including github:
+   countrycode=xx.
+   http://www.${countrycode}kernel.org/pub/linux/utils/raid/mdadm/
+and via git at
+   git://github.com/neilbrown/mdadm
+   git://neil.brown.name/mdadm
+   http://neil.brown.name/git/mdadm
+
+This release primarily fixes a serious regression in 3.2.4.
+This regression does *not* cause any risk to data.  It simply
+means that adding a device with "--add" would sometime fail
+when it should not.
+
+The fix also includes a couple of minor fixes such as making
+the "--layout=preserve" option to "--grow" work again.
+
+A reminder that the default location for runtime files is now
+"/run/mdadm".  If you compile this for a distro that does not
+have "/run", you will need to compile with an alternate setting for
+MAP_DIR. e.g.
+   make MAP_DIR=/var/run/mdadm
+or
+   make MAP_DIR=/dev/.mdadm
+
+NeilBrown 18th May 2012
+
diff --git a/ReadMe.c b/ReadMe.c
index 8ee8234..e82b701 100644
--- a/ReadMe.c
+++ b/ReadMe.c
@@ -24,7 +24,7 @@
 
 #include "mdadm.h"
 
-char Version[] = Name " - v3.2.4 - 9th May 2012\n";
+char Version[] = Name " - v3.2.5 - 18th May 2012\n";
 
 /*
  * File: ReadMe.c
diff --git a/inventory b/inventory
index 5fd8ab2..28e0517 100755
--- a/inventory
+++ b/inventory
@@ -15,6 +15,7 @@ ANNOUNCE-3.2.1
 ANNOUNCE-3.2.2
 ANNOUNCE-3.2.3
 ANNOUNCE-3.2.4
+ANNOUNCE-3.2.5
 Assemble.c
 Build.c
 COPYING
diff --git a/mdadm.8.in b/mdadm.8.in
index 1ec38d0..1a7cba7 100644
--- a/mdadm.8.in
+++ b/mdadm.8.in
@@ -5,7 +5,7 @@
 .\"   the Free Software Foundation; either version 2 of the License, or
 .\"   (at your option) any later version.
 .\" See file COPYING in distribution for details.
-.TH MDADM 8 "" v3.2.4
+.TH MDADM 8 "" v3.2.5
 .SH NAME
 mdadm \- manage MD devices
 .I aka
diff --git a/mdadm.spec b/mdadm.spec
index ba6ddd6..8478a34 100644
--- a/mdadm.spec
+++ b/mdadm.spec
@@ -1,6 +1,6 @@
 Summary:     mdadm is used for controlling Linux md devices (aka RAID arrays)
 Name:        mdadm
-Version:     3.2.4
+Version:     3.2.5
 Release:     1
 Source:      http://www.kernel.org/pub/linux/utils/raid/mdadm/mdadm-%{version}.tar.gz
 URL:         http://neil.brown.name/blog/mdadm
diff --git a/mdassemble.8 b/mdassemble.8
index b997e42..a55862f 100644
--- a/mdassemble.8
+++ b/mdassemble.8
@@ -1,5 +1,5 @@
 .\" -*- nroff -*-
-.TH MDASSEMBLE 8 "" v3.2.4
+.TH MDASSEMBLE 8 "" v3.2.5
 .SH NAME
 mdassemble \- assemble MD devices
 .I aka
diff --git a/mdmon.8 b/mdmon.8
index 5c7309c..598d904 100644
--- a/mdmon.8
+++ b/mdmon.8
@@ -1,5 +1,5 @@
 .\" See file COPYING in distribution for details.
-.TH MDMON 8 "" v3.2.4
+.TH MDMON 8 "" v3.2.5
 .SH NAME
 mdmon \- monitor MD external metadata arrays