diff --git a/CHANGES.rst b/CHANGES.rst
index 3b2bf3a4c..21f8a3b6d 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,6 +2,39 @@
 CHANGES
 =======
 
+----------
+0.8.6-dev0
+----------
+
+* Bug fix: Honor installed sys.excepthook in pex teardown.
+  `RB #1733 <https://rbcommons.com/s/twitter/r/1733>`_
+
+-----
+0.8.5
+-----
+
+* Bug fix: Fixup string formatting in pex/bin/pex.py to support Python 2.6
+  `Pull Request #40 <https://github.com/pantsbuild/pex/pull/40>`_
+
+-----
+0.8.4
+-----
+
+* Performance improvement: Speed up the best-case scenario of dependency resolution.
+  `RB #1685 <https://rbcommons.com/s/twitter/r/1685>`_
+
+* Bug fix: Change from uuid4().get_hex() to uuid4().hex to maintain Python3
+  compatibility of pex.common.
+  `Pull Request #39 <https://github.com/pantsbuild/pex/pull/39>`_
+
+* Bug fix: Actually cache the results of translation.  Previously bdist translations
+  would be created in a temporary directory even if a cache location was specified.
+  `RB #1666 <https://rbcommons.com/s/twitter/r/1666>`_
+
+* Bug fix: Support all potential abi tag permutations when determining platform
+  compatibility.
+  `Pull Request #33 <https://github.com/pantsbuild/pex/pull/33>`_
+
 -----
 0.8.3
 -----
diff --git a/pex/pex.py b/pex/pex.py
index beec14277..139343628 100644
--- a/pex/pex.py
+++ b/pex/pex.py
@@ -6,7 +6,6 @@
 import os
 import subprocess
 import sys
-import traceback
 from contextlib import contextmanager
 from distutils import sysconfig
 from site import USER_SITE
@@ -273,15 +272,16 @@ def execute(self, args=()):
           else:
             self.execute_interpreter()
     except Exception:
-      # Catch and print any exceptions before we tear things down in finally, then
-      # reraise so that the exit status is reflected correctly.
-      traceback.print_exc()
+      # Allow the current sys.excepthook to handle this app exception before we tear things down in
+      # finally, then reraise so that the exit status is reflected correctly.
+      sys.excepthook(*sys.exc_info())
       raise
     finally:
       # squash all exceptions on interpreter teardown -- the primary type here are
       # atexit handlers failing to run because of things such as:
       #   http://stackoverflow.com/questions/2572172/referencing-other-modules-in-atexit
       if 'PEX_TEARDOWN_VERBOSE' not in os.environ:
+        sys.stderr.flush()
         sys.stderr = DevNull()
         sys.excepthook = lambda *a, **kw: None
 
diff --git a/pex/version.py b/pex/version.py
index 73f831511..95b4da687 100644
--- a/pex/version.py
+++ b/pex/version.py
@@ -1 +1 @@
-__version__ = '0.8.5'
+__version__ = '0.8.6-dev0'
diff --git a/tests/test_pex.py b/tests/test_pex.py
index ff48cfe82..b1a5692e3 100644
--- a/tests/test_pex.py
+++ b/tests/test_pex.py
@@ -19,6 +19,24 @@ def test_pex_uncaught_exceptions():
   assert rc == 1
 
 
+def test_excepthook_honored():
+  body = textwrap.dedent("""
+  import sys
+
+  def excepthook(ex_type, ex, tb):
+    print('Custom hook called with: {0}'.format(ex))
+    sys.exit(42)
+
+  sys.excepthook = excepthook
+
+  raise Exception('This is an exception')
+  """)
+
+  so, rc = run_simple_pex_test(body)
+  assert so == b'Custom hook called with: This is an exception\n', 'Standard out was: %s' % so
+  assert rc == 42
+
+
 def test_pex_sys_exit_does_not_raise():
   body = "import sys; sys.exit(2)"
   so, rc = run_simple_pex_test(body)