diff --git a/bar-descriptor.xml b/bar-descriptor.xml
index b00701f..8ae55de 100644
--- a/bar-descriptor.xml
+++ b/bar-descriptor.xml
@@ -55,7 +55,7 @@
     <!-- A string value of the format <0-999>.<0-999>.<0-999> that represents application version which can be used to check for application upgrade.
          Values can also be 1-part or 2-part. It is not necessary to have a 3-part value.
          An updated version of application must have a versionNumber value higher than the previous version. Required. -->
-    <versionNumber>0.4.0</versionNumber>
+    <versionNumber>0.5.0</versionNumber>
 
     <!-- Fourth digit segment of the package version. First three segments are taken from the
          <versionNumber> element.  Must be an integer from 0 to 2^16-1 -->
diff --git a/buildnum b/buildnum
index b6e2760..104fcf5 100644
--- a/buildnum
+++ b/buildnum
@@ -1 +1 @@
-242
\ No newline at end of file
+243
\ No newline at end of file