diff --git a/CMakeLists.txt b/CMakeLists.txt
index 4efcb389d..9ccb1f24c 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -9,7 +9,7 @@ project (websocketpp)
 cmake_minimum_required (VERSION 2.6)
 
 set (WEBSOCKETPP_MAJOR_VERSION 0)
-set (WEBSOCKETPP_MINOR_VERSION 4)
+set (WEBSOCKETPP_MINOR_VERSION 5)
 set (WEBSOCKETPP_PATCH_VERSION 0)
 set (WEBSOCKETPP_VERSION ${WEBSOCKETPP_MAJOR_VERSION}.${WEBSOCKETPP_MINOR_VERSION}.${WEBSOCKETPP_PATCH_VERSION})
 
diff --git a/Doxyfile b/Doxyfile
index ab6db7330..d9de24838 100644
--- a/Doxyfile
+++ b/Doxyfile
@@ -33,7 +33,7 @@ PROJECT_NAME           = "websocketpp"
 # if some version control system is used.
 
 
-PROJECT_NUMBER         = "0.4.x-dev"
+PROJECT_NUMBER         = "0.5.0"
 
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
@@ -974,7 +974,7 @@ HTML_COLORSTYLE_GAMMA  = 148
 # page will contain the date and time when the page was generated. Setting
 # this to NO can help when comparing the output of multiple runs.
 
-HTML_TIMESTAMP         = YES
+HTML_TIMESTAMP         = NO
 
 # If the HTML_DYNAMIC_SECTIONS tag is set to YES then the generated HTML
 # documentation will contain sections that can be hidden and shown after the
diff --git a/changelog.md b/changelog.md
index bbba591fd..c7eed0497 100644
--- a/changelog.md
+++ b/changelog.md
@@ -1,4 +1,6 @@
 HEAD
+
+0.5.0 - 2015-01-22
 - BREAKING UTILITY CHANGE: Deprecated methods `http::parser::parse_headers`,
   `http::response::parse_complete`, and `http::request::parse_complete` have
   been removed.
diff --git a/readme.md b/readme.md
index 84845ea5a..aa0cde262 100644
--- a/readme.md
+++ b/readme.md
@@ -1,4 +1,4 @@
-WebSocket++ (0.4.x-dev)
+WebSocket++ (0.5.0)
 ==========================
 
 WebSocket++ is a header only C++ library that implements RFC6455 The WebSocket
diff --git a/websocketpp/version.hpp b/websocketpp/version.hpp
index b091f24be..519fa681a 100644
--- a/websocketpp/version.hpp
+++ b/websocketpp/version.hpp
@@ -42,7 +42,7 @@ namespace websocketpp {
 /// Library major version number
 static int const major_version = 0;
 /// Library minor version number
-static int const minor_version = 4;
+static int const minor_version = 5;
 /// Library patch version number
 static int const patch_version = 0;
 /// Library pre-release flag
@@ -50,10 +50,10 @@ static int const patch_version = 0;
  * This is a textual flag indicating the type and number for pre-release
  * versions (dev, alpha, beta, rc). This will be blank for release versions.
  */
-static char const prerelease_flag[] = "dev";
+static char const prerelease_flag[] = "";
 
 /// Default user agent string
-static char const user_agent[] = "WebSocket++/0.4.x-dev";
+static char const user_agent[] = "WebSocket++/0.5.0";
 
 } // namespace websocketpp