diff --git a/README.md b/README.md
index f532bb170..f4c150c16 100644
--- a/README.md
+++ b/README.md
@@ -32,7 +32,7 @@ pip install uavcan
 
 In order to deploy to PyPI via CI, do this:
 
-1. Update the version number in `setup.py`, e.g. `1.0.0`.
+1. Update the version number in `version.py`, e.g. `1.0.0`.
 2. Create a new tag with the same version number, e.g. `git tag -a 1.0.0 -m "My release 1.0.0"`
 3. Push to master.
 
diff --git a/setup.py b/setup.py
index 05d8cefdd..d709548c1 100755
--- a/setup.py
+++ b/setup.py
@@ -12,9 +12,14 @@
 import sys
 from setuptools import setup
 
+__version__ = None
+VERSION_FILE = os.path.join(os.path.dirname(__file__), 'uavcan', 'version.py')
+exec(open(VERSION_FILE).read())         # Adds __version__ to globals
+
+
 args = dict(
     name='uavcan',
-    version='1.0.0dev10',
+    version=__version__,
     description='Python implementation of the UAVCAN protocol stack',
     packages=[
         'uavcan',
diff --git a/uavcan/__init__.py b/uavcan/__init__.py
index 6508fc8de..51f1b3491 100644
--- a/uavcan/__init__.py
+++ b/uavcan/__init__.py
@@ -42,6 +42,7 @@ class UAVCANException(Exception):
     pass
 
 
+from .version import __version__
 import uavcan.node as node
 from uavcan.node import make_node
 import uavcan.dsdl as dsdl
diff --git a/uavcan/version.py b/uavcan/version.py
new file mode 100644
index 000000000..771633afa
--- /dev/null
+++ b/uavcan/version.py
@@ -0,0 +1,10 @@
+#
+# Copyright (C) 2014-2016  UAVCAN Development Team  <uavcan.org>
+#
+# This software is distributed under the terms of the MIT License.
+#
+# Author: Pavel Kirienko <pavel.kirienko@zubax.com>
+#         Ben Dyer <ben_dyer@mac.com>
+#
+
+__version__ = '1.0.0.dev11'