diff --git a/lib/redmine/version.rb b/lib/redmine/version.rb
index 6d01e8cbe..0ae5c361c 100644
--- a/lib/redmine/version.rb
+++ b/lib/redmine/version.rb
@@ -5,9 +5,9 @@ require 'redmine/scm/adapters/subversion_adapter'
 module Redmine
   # @private
   module VERSION
-    MAJOR = 4
-    MINOR = 2
-    TINY  = 4
+    MAJOR = 5
+    MINOR = 0
+    TINY  = 0
 
     # Branch values:
     # * official release: nil