NI have announced that the KONTAKT 5.0.2 update is now available for free download. The update contains several new improvements and fixes. Main new and improved features:
Significant Time Machine Pro improvements- wider ranges for speed and tune; new ‘keep formants’ mode when ‘HQ’ is activated
Improved file import
Easier and faster activation for KONTAKT Instruments
Dynamically resizable ‘post-amp’ section in Group Effect Chain
Invert and Channel Swap functionality in Group amplifier section
Other small fixes and improvements
You can download the update via the NI Service Center or the Online Update Manager.