diff --git a/CHANGES.rst b/CHANGES.rst
index bd1090acc..b6f904677 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,9 +2,9 @@
 CHANGES
 =======
 
-----------
-1.0.1.dev1
-----------
+-----
+1.0.1
+-----
 
 * Allow PEXBuilder to optionally copy files into the PEX environment instead of hard-linking them.
 
diff --git a/pex/version.py b/pex/version.py
index 6d49f8097..342aff87f 100644
--- a/pex/version.py
+++ b/pex/version.py
@@ -1,7 +1,7 @@
 # Copyright 2015 Pants project contributors (see CONTRIBUTORS.md).
 # Licensed under the Apache License, Version 2.0 (see LICENSE).
 
-__version__ = '1.0.1.dev1'
+__version__ = '1.0.1'
 
 SETUPTOOLS_REQUIREMENT = 'setuptools>=2.2,<16'
 WHEEL_REQUIREMENT = 'wheel>=0.24.0,<0.25.0'