diff --git a/.github/ISSUE_TEMPLATE/bug_report.md b/.github/ISSUE_TEMPLATE/bug_report.md
index 924644eef..441cd4519 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.md
+++ b/.github/ISSUE_TEMPLATE/bug_report.md
@@ -7,6 +7,16 @@ assignees: ''
 
 ---
 
+<!--
+**DEPRECATION NOTICE:**
+
+Compose V1 is end-of-life, and as such only issues relating to security vulnerabilities will be considered.
+
+Please do not submit issues regarding bugs or improvements.
+
+For a more up-to-date compose, check v2: https://github.com/docker/compose/tree/v2/
+-->
+
 <!--
 Welcome to the docker-compose issue tracker! Before creating an issue, please heed the following:
 
diff --git a/.github/ISSUE_TEMPLATE/feature_request.md b/.github/ISSUE_TEMPLATE/feature_request.md
index 4db61888c..2e0102873 100644
--- a/.github/ISSUE_TEMPLATE/feature_request.md
+++ b/.github/ISSUE_TEMPLATE/feature_request.md
@@ -7,6 +7,16 @@ assignees: ''
 
 ---
 
+<!--
+**DEPRECATION NOTICE:**
+
+Compose V1 is end-of-life, and as such only issues relating to security vulnerabilities will be considered.
+
+Please do not submit issues regarding bugs or improvements.
+
+For a more up-to-date compose, check v2: https://github.com/docker/compose/tree/v2/
+-->
+
 <!--
 Welcome to the docker-compose issue tracker! Before creating an issue, please heed the following:
 
diff --git a/.github/ISSUE_TEMPLATE/question-about-using-compose.md b/.github/ISSUE_TEMPLATE/question-about-using-compose.md
index ccb4e9b33..a8555bf1e 100644
--- a/.github/ISSUE_TEMPLATE/question-about-using-compose.md
+++ b/.github/ISSUE_TEMPLATE/question-about-using-compose.md
@@ -7,6 +7,16 @@ assignees: ''
 
 ---
 
+<!--
+**DEPRECATION NOTICE:**
+
+Compose V1 is end-of-life, and as such only issues relating to security vulnerabilities will be considered.
+
+Please do not submit issues regarding bugs or improvements.
+
+For a more up-to-date compose, check v2: https://github.com/docker/compose/tree/v2/
+-->
+
 Please post on our forums: https://forums.docker.com for questions about using `docker-compose`.
 
 Posts that are not a bug report or a feature/enhancement request will not be addressed on this issue tracker.
diff --git a/README.md b/README.md
index 8b61b24ff..110d5be76 100644
--- a/README.md
+++ b/README.md
@@ -4,14 +4,24 @@ Docker Compose
 
 ![Docker Compose](logo.png?raw=true "Docker Compose Logo")
 
-** Compose V2 is on its way! :star_struck: **
+# :warning: *Compose V1 is DEPRECATED* :warning:
+Since [Compose V2 is now GA](https://www.docker.com/blog/announcing-compose-v2-general-availability/), Compose V1 is officially **End of Life**. This means that:
+- Active development and new features will only be added to the V2 codebase
+- Only security-related issues will be considered for V1
+
+Check out the [V2 branch here](https://github.com/docker/compose/tree/v2/)!!
+
 ---------------------------------------------
 
-We are currently polishing the next generation of Docker Compose, to be released soon... :stopwatch: 
-- Read more on [RC1 announcement](https://www.docker.com/blog/start-dev-environments-locally-compose-v2-rc-1-and-more-in-docker-desktop-3-6/). 
-- Check the [v2 branch](https://github.com/docker/compose/tree/v2) on this repo.
+** Compose V2 is **Generally Available**! :star_struck: **
+---------------------------------------------
 
-We are working towards providing an easy way to install Compose V2 on Linux. Once this is available, Compose V2 will be marked as generally available, our current target for this is the end of October.
+Check it out [here](https://github.com/docker/compose/tree/v2/)!
+
+Read more on the [GA announcement here](https://www.docker.com/blog/announcing-compose-v2-general-availability/)
+
+
+---------------------------------------------
 
 V1 vs V2 transition :hourglass_flowing_sand:
 --------------------------------------------