diff --git a/server/model/version.go b/server/model/version.go
index e5debcd7a..8c373ed0e 100644
--- a/server/model/version.go
+++ b/server/model/version.go
@@ -4,7 +4,7 @@ package model
 // It should be maintained in chronological order with most current
 // release at the front of the list.
 var versions = []string{
-	"0.1.0",
+	"0.5.0",
 }
 
 var CurrentVersion string = versions[0]
diff --git a/webapp/package-lock.json b/webapp/package-lock.json
index 85ec63554..656f643fb 100644
--- a/webapp/package-lock.json
+++ b/webapp/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "focalboard",
-	"version": "1.0.0",
+	"version": "0.5.0",
 	"lockfileVersion": 1,
 	"requires": true,
 	"dependencies": {
diff --git a/webapp/package.json b/webapp/package.json
index 8858a6cf0..fcf5710a3 100644
--- a/webapp/package.json
+++ b/webapp/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "focalboard",
-	"version": "1.0.0",
+	"version": "0.5.0",
 	"private": true,
 	"description": "",
 	"scripts": {