diff --git a/sc2/content/version b/sc2/content/version
index d955e2f0f..a2bafaf8b 100644
--- a/sc2/content/version
+++ b/sc2/content/version
@@ -1,3 +1,3 @@
-0.4.0
+0.5.0
 
 $Date$
diff --git a/sc2/src/uqmversion.h b/sc2/src/uqmversion.h
index 6220fa925..785c89ffd 100644
--- a/sc2/src/uqmversion.h
+++ b/sc2/src/uqmversion.h
@@ -19,10 +19,10 @@
 
 #define UQM_MAJOR_VERSION     0
 #define UQM_MAJOR_VERSION_S  "0"
-#define UQM_MINOR_VERSION     4
-#define UQM_MINOR_VERSION_S  "4"
-#define UQM_PATCH_VERSION     4
-#define UQM_PATCH_VERSION_S  "4"
+#define UQM_MINOR_VERSION     5
+#define UQM_MINOR_VERSION_S  "5"
+#define UQM_PATCH_VERSION     0
+#define UQM_PATCH_VERSION_S  "0"
 #define UQM_EXTRA_VERSION    ""
 /* The final version is interpreted as:
  * printf ("%d.%d.%d%s", UQM_MAJOR_VERSION, UQM_MINOR_VERSION,