diff --git a/React.podspec b/React.podspec
index 792308e03823ab..e875037df64c62 100644
--- a/React.podspec
+++ b/React.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
   s.name                = "React"
-  s.version             = "0.4.4"
+  s.version             = "0.5.0"
   s.summary             = "Build high quality mobile apps using React."
   s.description         = <<-DESC
                             React Native apps are built using the React JS
diff --git a/package.json b/package.json
index a2c7a38b408da4..c6461209aa3279 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.4.4",
+  "version": "0.5.0",
   "description": "A framework for building native apps using React",
   "repository": {
     "type": "git",