diff --git a/setup.py b/setup.py
index a7bcba57e9d37..bb42564aba60a 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup, find_packages
 
-version = '0.4.0'
+version = '0.5.0'
 
 setup(
     name='panoramix',