diff --git a/.changes/1.18.59.json b/.changes/1.18.59.json
new file mode 100644
index 0000000000..be745aaa7b
--- /dev/null
+++ b/.changes/1.18.59.json
@@ -0,0 +1,27 @@
+[
+  {
+    "category": "``elbv2``",
+    "description": "[``botocore``] Update elbv2 client to latest version",
+    "type": "api-change"
+  },
+  {
+    "category": "Signing",
+    "description": "[``botocore``] SigV4QueryAuth and CrtSigV4QueryAuth now properly respect AWSRequest.params while signing boto/botocore`#2521 <https://github.com/boto/botocore/issues/2521>`__",
+    "type": "bugfix"
+  },
+  {
+    "category": "``medialive``",
+    "description": "[``botocore``] This release adds support for Transport Stream files as an input type to MediaLive encoders.",
+    "type": "api-change"
+  },
+  {
+    "category": "``ec2``",
+    "description": "[``botocore``] Documentation update for Amazon EC2.",
+    "type": "api-change"
+  },
+  {
+    "category": "``frauddetector``",
+    "description": "[``botocore``] New model type: Transaction Fraud Insights, which is optimized for online transaction fraud. Stored Events, which allows customers to send and store data directly within Amazon Fraud Detector. Batch Import, which allows customers to upload a CSV file of historic event data for processing and storage",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index e53d776a52..881c315416 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -1,4 +1,4 @@
-exclude: ^(.github|.changes|docs/|boto3/compat.py|boto3/data)
+exclude: ^(.github|.changes|docs/|boto3/compat.py|boto3/data|CHANGELOG.rst)
 repos:
 -   repo: https://github.com/pre-commit/pre-commit-hooks
     rev: v2.3.0
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 6c2e852579..6cd7a54db9 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,16 @@
 CHANGELOG
 =========
 
+1.18.59
+=======
+
+* api-change:``elbv2``: [``botocore``] Update elbv2 client to latest version
+* bugfix:Signing: [``botocore``] SigV4QueryAuth and CrtSigV4QueryAuth now properly respect AWSRequest.params while signing boto/botocore`#2521 <https://github.com/boto/botocore/issues/2521>`__
+* api-change:``medialive``: [``botocore``] This release adds support for Transport Stream files as an input type to MediaLive encoders.
+* api-change:``ec2``: [``botocore``] Documentation update for Amazon EC2.
+* api-change:``frauddetector``: [``botocore``] New model type: Transaction Fraud Insights, which is optimized for online transaction fraud. Stored Events, which allows customers to send and store data directly within Amazon Fraud Detector. Batch Import, which allows customers to upload a CSV file of historic event data for processing and storage
+
+
 1.18.58
 =======
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index 851e01722a..cf0bf93ded 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -18,7 +18,7 @@
 
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.18.58'
+__version__ = '1.18.59'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index 6068b77591..30afb057e5 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.21.58,<1.22.0
+    botocore>=1.21.59,<1.22.0
     jmespath>=0.7.1,<1.0.0
     s3transfer>=0.5.0,<0.6.0
 
diff --git a/setup.py b/setup.py
index 3f4a81ea73..9aa849382c 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 
 requires = [
-    'botocore>=1.21.58,<1.22.0',
+    'botocore>=1.21.59,<1.22.0',
     'jmespath>=0.7.1,<1.0.0',
     's3transfer>=0.5.0,<0.6.0'
 ]