diff --git a/README.md b/README.md
index 17e717c..0c1951f 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,15 @@
 # LoopBack Storage Component
 
-**NOTE: The loopback-component-storage module supersedes [loopback-storage-service](https://www.npmjs.org/package/loopback-storage-service). Please update your package.json accordingly.**
+**⚠️ LoopBack 3 is in Maintenance LTS mode, only critical bugs and critical
+security fixes will be provided. (See
+[Module Long Term Support Policy](#module-long-term-support-policy) below.)**
+
+We urge all LoopBack 3 users to migrate their applications to LoopBack 4 as
+soon as possible. Refer to our
+[Migration Guide](https://loopback.io/doc/en/lb4/migration-overview.html)
+for more information on how to upgrade.
+
+## Overview
 
 LoopBack storage component provides Node.js and REST APIs to manage binary file contents
 using pluggable storage providers, such as local file systems, Amazon S3, or
@@ -20,3 +29,15 @@ For more details on the architecture of the module, please see the introduction
 ## Examples
 
 See https://github.com/strongloop/loopback-example-storage.
+
+## Module Long Term Support Policy
+
+This module adopts the [
+Module Long Term Support (LTS)](http://github.com/CloudNativeJS/ModuleLTS) policy,
+ with the following End Of Life (EOL) dates:
+
+| Version | Status          | Published | EOL      |
+| ------- | --------------- | --------- | -------- |
+| 3.x     | Maintenance LTS | Dec 2016  | Dec 2020 |
+
+Learn more about our LTS plan in [docs](https://loopback.io/doc/en/contrib/Long-term-support.html).