diff --git a/extension/package.json b/extension/package.json
index da9f691..d1c7321 100644
--- a/extension/package.json
+++ b/extension/package.json
@@ -2,7 +2,7 @@
 	"name": "erdiagram",
 	"displayName": "bigER Modeling Tool",
 	"description": "Entity Relationship Diagrams with a textual editor and SQL code generation.",
-	"version": "0.4.0",
+	"version": "0.5.0",
 	"publisher": "BIGModelingTools",
 	"categories": [
 		"Programming Languages",
diff --git a/webview/package.json b/webview/package.json
index 93b8a75..9eb943e 100644
--- a/webview/package.json
+++ b/webview/package.json
@@ -1,6 +1,6 @@
 {
   "name": "erdiagram-sprotty-webview",
-  "version": "0.4.0",
+  "version": "0.5.0",
   "description": "Webview package of the bigER Modeling Tool",
   "author": {
     "name": "Philipp-Lorenz Glaser"