diff --git a/otsclient/__init__.py b/otsclient/__init__.py
index 8c8cab5..d794a9d 100644
--- a/otsclient/__init__.py
+++ b/otsclient/__init__.py
@@ -9,4 +9,4 @@
 # modified, propagated, or distributed except according to the terms contained
 # in the LICENSE file.
 
-__version__ = "0.5.0-PENDING"
+__version__ = "0.5.0"