diff --git a/petastorm/__init__.py b/petastorm/__init__.py
index e53f24ba4..5a71bc090 100644
--- a/petastorm/__init__.py
+++ b/petastorm/__init__.py
@@ -14,4 +14,4 @@
 
 from petastorm.reader import make_reader, make_batch_reader  # noqa: F401
 
-__version__ = '0.5.0rc1'
+__version__ = '0.5.0'