diff --git a/leapp/__init__.py b/leapp/__init__.py
index 13b2099b6..18a73d58f 100644
--- a/leapp/__init__.py
+++ b/leapp/__init__.py
@@ -1,2 +1,2 @@
-VERSION = "0.4.0"
+VERSION = "0.5.0"
 FULL_VERSION = VERSION + ' alpha'
diff --git a/man/leapp.1 b/man/leapp.1
index 940479564..85f3cb74d 100644
--- a/man/leapp.1
+++ b/man/leapp.1
@@ -1,4 +1,4 @@
-.TH LEAPP "1" "22/11/2018" "leapp 0.4.0" "User Commands"
+.TH LEAPP "1" "23/01/2019" "leapp 0.5.0" "User Commands"
 .SH NAME
 leapp - command-line interface to for App & OS Modernization Framework Leapp
 .SH SYNOPSIS
diff --git a/packaging/leapp.spec b/packaging/leapp.spec
index 74d61203e..3b49107cf 100644
--- a/packaging/leapp.spec
+++ b/packaging/leapp.spec
@@ -14,7 +14,7 @@
 %endif
 
 Name:       leapp
-Version:    0.4.0
+Version:    0.5.0
 Release:    1%{?dist}
 Summary:    OS & Application modernization framework