diff --git a/META b/META
index 4059082b98..1e1c6fba9d 100644
--- a/META
+++ b/META
@@ -1,7 +1,7 @@
 Meta:         1
 Name:         zfs
 Branch:       1.0
-Version:      0.4.9
+Version:      0.5.0
 Release:      1
 Release-Tags: relext
 License:      CDDL