diff --git a/README.md b/README.md
index 4f93484..7495c13 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # Easy Vending Machines [`easyvend`]
-Version: 0.4.1
+Version: 0.5.0
 
 Adds vending and depositing machines which allow to buy and sell items from other players.
 
diff --git a/init.lua b/init.lua
index e6eb0a3..e9879a3 100644
--- a/init.lua
+++ b/init.lua
@@ -20,8 +20,8 @@ Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA  02110-1301  USA
 easyvend = {}
 easyvend.VERSION = {}
 easyvend.VERSION.MAJOR = 0
-easyvend.VERSION.MINOR = 4
-easyvend.VERSION.PATCH = 1
+easyvend.VERSION.MINOR = 5
+easyvend.VERSION.PATCH = 0
 easyvend.VERSION.STRING = easyvend.VERSION.MAJOR .. "." .. easyvend.VERSION.MINOR .. "." .. easyvend.VERSION.PATCH
 
 -- Set item which is used as payment for vending and depositing machines