diff --git a/.gitignore b/.gitignore
index c1d1309..7794363 100644
--- a/.gitignore
+++ b/.gitignore
@@ -77,3 +77,4 @@
 /setuptools-32.3.0.zip
 /setuptools-32.3.1.zip
 /setuptools-34.1.1.zip
+/setuptools-34.2.0.zip
diff --git a/python-setuptools.spec b/python-setuptools.spec
index 6212857..0ee84a1 100644
--- a/python-setuptools.spec
+++ b/python-setuptools.spec
@@ -29,7 +29,7 @@
 %endif
 
 Name:           python-setuptools
-Version:        34.1.1
+Version:        34.2.0
 Release:        1%{?dist}
 Summary:        Easily build and distribute Python packages
 
@@ -224,6 +224,9 @@ LANG=en_US.utf8 PYTHONPATH=$(pwd) py.test-%{python3_version}
 %endif # with_python3
 
 %changelog
+* Thu Feb 16 2017 Charalampos Stratakis <cstratak@redhat.com> - 34.2.0-1
+- Update to 34.2.0. Fixes bug #1421676
+
 * Sat Feb 04 2017 Kevin Fenzi <kevin@scrye.com> - 34.1.1-1
 - Update to 34.1.1. Fixes bug #1412268
 - Fix License tag. Fixes bug #1412268
diff --git a/sources b/sources
index 1d8a34a..dcbc0d3 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (setuptools-34.1.1.zip) = e375fc5eadd31119095e791ec10caa8241976a7718a70a7c8d2971f26054b933bbc61bfdbc17796a6163ef91dd0f466a7e57ed55432d2b8b5feb7b3c3880bc2f
+SHA512 (setuptools-34.2.0.zip) = 399f6bcbeb9d382240fbc095a74eacc5628dd0a1e56e52e322ca152d74295d0ef8f50984fb6c0cecb4b178584562a102b2520ffbc1ff93c65d99d08e754ec2e9