diff --git a/package-lock.json b/package-lock.json
index 58c47e73b3..58576fa678 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "@weaveworks/weave-gitops",
-  "version": "0.4.1",
+  "version": "0.5.0-rc2",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 85b4b3bd5b..39c07010a3 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@weaveworks/weave-gitops",
-  "version": "0.4.1",
+  "version": "0.5.0-rc2",
   "description": "Weave GitOps core",
   "targets": {
     "default": {