diff --git a/release/VERSION.txt b/release/VERSION.txt
index 1ad6ac300..0e46417fc 100644
--- a/release/VERSION.txt
+++ b/release/VERSION.txt
@@ -12,4 +12,4 @@
 # The suffix is appended to the version by the build tool.
 #
 #
-propellergcc_v0_3_3
+propellergcc_v0_3_4