diff --git a/.gitignore b/.gitignore
index 84b057e..43feb39 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1 @@
-/psycopg2-2.7.3.2.tar.gz
+/psycopg2-2.7.4.tar.gz
diff --git a/python-psycopg2.spec b/python-psycopg2.spec
index 15c3ae8..9c5fb35 100644
--- a/python-psycopg2.spec
+++ b/python-psycopg2.spec
@@ -29,8 +29,8 @@ features offered by PostgreSQL.
 
 Summary:	%{sum}
 Name:		python-%{srcname}
-Version:	2.7.3.2
-Release:	3%{?dist}
+Version:	2.7.4
+Release:	1%{?dist}
 # The exceptions allow linking to OpenSSL and PostgreSQL's libpq
 License:	LGPLv3+ with exceptions
 Group:		Applications/Databases
@@ -252,6 +252,10 @@ cp -pr ZPsycopgDA/* %{buildroot}%{ZPsycopgDAdir}
 
 
 %changelog
+* Mon Feb 12 2018 Pavel Raiskup <praiskup@redhat.com> - 2.7.4-1
+- rebase to latest upstream release, per release notes:
+  http://initd.org/psycopg/articles/2018/02/08/psycopg-274-released/
+
 * Fri Feb 09 2018 Fedora Release Engineering <releng@fedoraproject.org> - 2.7.3.2-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_28_Mass_Rebuild
 
diff --git a/sources b/sources
index 0dc8dcf..271da73 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (psycopg2-2.7.3.2.tar.gz) = 38460369e339b16e433328e9bd6ccdbb4b03e41d40b9fb453a54513af4ec43f0a72dc795de6eb13d9618e1d5636991d3de7f619459b3f21d070798d497b2776f
+SHA512 (psycopg2-2.7.4.tar.gz) = e78db528a4d3b897e0d8d38755179082dacddfb2d10bda963fc3836548991eaa0d4c1b8f81b329b15f4e685046c39e6f2a352b6c47b1da42af3a262094233034