diff --git a/docs/conf.py b/docs/conf.py
index aa56093..0257180 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -51,9 +51,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '0.4'
+version = '0.5'
 # The full version, including alpha/beta/rc tags.
-release = '0.4'
+release = '0.5'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/libmodernize/__init__.py b/libmodernize/__init__.py
index ecd97ab..6db1ecf 100644
--- a/libmodernize/__init__.py
+++ b/libmodernize/__init__.py
@@ -5,7 +5,7 @@
 from lib2to3.pygram import python_symbols as syms
 from lib2to3.pgen2 import token
 
-__version__ = '0.4'
+__version__ = '0.5'
 
 def check_future_import(node):
     """If this is a future import, return set of symbols that are imported,