diff --git a/configure.ac b/configure.ac
index 6fba84f1..dacb163c 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ([2.63])
-AC_INIT([bubblewrap], [0.4.1], [atomic-devel@projectatomic.io])
+AC_INIT([bubblewrap], [0.5.0], [atomic-devel@projectatomic.io])
 AC_CONFIG_HEADER([config.h])
 AC_CONFIG_MACRO_DIR([m4])
 AC_CONFIG_AUX_DIR([build-aux])