diff --git a/Makefile b/Makefile
index f58500c17..9ba565601 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION="v0.4+"
+VERSION="v0.5"
 GIT_COMMIT=$(shell git rev-list -1 HEAD)
 
 GO_COMPILE=linuxkit/go-compile:49a2e8f8672ca95ad0159eebcc631773503465c1