diff --git a/CHANGELOG.md b/CHANGELOG.md
index a05c26b..d32f71d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+### [5.3.4](https://github.com/webpack-contrib/terser-webpack-plugin/compare/v5.3.3...v5.3.4) (2022-08-12)
+
+
+### Bug Fixes
+
+* respect environment options for terser and swc compress options ([#509](https://github.com/webpack-contrib/terser-webpack-plugin/issues/509)) ([29bbc3a](https://github.com/webpack-contrib/terser-webpack-plugin/commit/29bbc3ae1c95097b010310217944f4145959f02a))
+
 ### [5.3.3](https://github.com/webpack-contrib/terser-webpack-plugin/compare/v5.3.2...v5.3.3) (2022-06-02)
 
 ### Fixes
diff --git a/package-lock.json b/package-lock.json
index a154402..f907941 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "terser-webpack-plugin",
-  "version": "5.3.3",
+  "version": "5.3.4",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "terser-webpack-plugin",
-      "version": "5.3.3",
+      "version": "5.3.4",
       "license": "MIT",
       "dependencies": {
         "@jridgewell/trace-mapping": "^0.3.14",
diff --git a/package.json b/package.json
index 7ffa57c..d626d0a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "terser-webpack-plugin",
-  "version": "5.3.3",
+  "version": "5.3.4",
   "description": "Terser plugin for webpack",
   "license": "MIT",
   "repository": "webpack-contrib/terser-webpack-plugin",