diff --git a/node/Cargo.toml b/node/Cargo.toml
index 5a4434e..dd7f677 100644
--- a/node/Cargo.toml
+++ b/node/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "contracts-node"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Parity Technologies <admin@parity.io>"]
 description = "Substrate node configured for smart contracts via `pallet-contracts`."
 edition = "2021"
diff --git a/runtime/Cargo.toml b/runtime/Cargo.toml
index 453f1e4..0d9e63b 100644
--- a/runtime/Cargo.toml
+++ b/runtime/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "contracts-node-runtime"
-version = "0.4.0"
+version = "0.5.0"
 authors = ["Parity Technologies <admin@parity.io>"]
 edition = "2021"
 license = "Unlicense"