diff --git a/version.php b/version.php
index de7873f64f2d9..698ab87928aa9 100644
--- a/version.php
+++ b/version.php
@@ -29,9 +29,9 @@
 
 defined('MOODLE_INTERNAL') || die();
 
-$version  = 2024092700.00;              // YYYYMMDD      = weekly release date of this DEV branch.
+$version  = 2024100100.00;              // YYYYMMDD      = weekly release date of this DEV branch.
                                         //         RR    = release increments - 00 in DEV branches.
                                         //           .XX = incremental changes.
-$release  = '4.5beta (Build: 20240927)'; // Human-friendly version name
+$release  = '4.5rc1 (Build: 20241001)'; // Human-friendly version name
 $branch   = '405';                     // This version's branch.
-$maturity = MATURITY_BETA;             // This version's maturity level.
+$maturity = MATURITY_RC;             // This version's maturity level.