diff --git a/pom.xml b/pom.xml
index ac05fded..ec9b802f 100644
--- a/pom.xml
+++ b/pom.xml
@@ -20,7 +20,7 @@
 
   <groupId>co.cask.tephra</groupId>
   <artifactId>tephra</artifactId>
-  <version>0.4.3-SNAPSHOT</version>
+  <version>0.5.0</version>
   <packaging>pom</packaging>
   <name>Tephra Transaction System</name>
   <description>Tephra Transaction System</description>
@@ -54,7 +54,7 @@
     <connection>scm:git:https://github.com/caskdata/tephra.git</connection>
     <developerConnection>scm:git:git@github.com:caskdata/tephra.git</developerConnection>
     <url>https://github.com/caskdata/tephra.git</url>
-    <tag>HEAD</tag>
+    <tag>v0.5.0</tag>
   </scm>
 
   <issueManagement>
diff --git a/tephra-api/pom.xml b/tephra-api/pom.xml
index 3f078217..6ef57c91 100644
--- a/tephra-api/pom.xml
+++ b/tephra-api/pom.xml
@@ -21,7 +21,7 @@
   <parent>
     <groupId>co.cask.tephra</groupId>
     <artifactId>tephra</artifactId>
-    <version>0.4.3-SNAPSHOT</version>
+    <version>0.5.0</version>
   </parent>
 
   <artifactId>tephra-api</artifactId>
diff --git a/tephra-core/pom.xml b/tephra-core/pom.xml
index 9d62efa9..be283018 100644
--- a/tephra-core/pom.xml
+++ b/tephra-core/pom.xml
@@ -19,7 +19,7 @@
   <parent>
     <artifactId>tephra</artifactId>
     <groupId>co.cask.tephra</groupId>
-    <version>0.4.3-SNAPSHOT</version>
+    <version>0.5.0</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/tephra-distribution/pom.xml b/tephra-distribution/pom.xml
index 1e64f0f6..921bfc1d 100644
--- a/tephra-distribution/pom.xml
+++ b/tephra-distribution/pom.xml
@@ -21,7 +21,7 @@
   <parent>
     <groupId>co.cask.tephra</groupId>
     <artifactId>tephra</artifactId>
-    <version>0.4.3-SNAPSHOT</version>
+    <version>0.5.0</version>
   </parent>
   
   <artifactId>tephra-distribution</artifactId>
diff --git a/tephra-hbase-compat-0.96/pom.xml b/tephra-hbase-compat-0.96/pom.xml
index 7c414986..810ea7b1 100644
--- a/tephra-hbase-compat-0.96/pom.xml
+++ b/tephra-hbase-compat-0.96/pom.xml
@@ -19,7 +19,7 @@
   <parent>
     <artifactId>tephra</artifactId>
     <groupId>co.cask.tephra</groupId>
-    <version>0.4.3-SNAPSHOT</version>
+    <version>0.5.0</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>
 
diff --git a/tephra-hbase-compat-0.98/pom.xml b/tephra-hbase-compat-0.98/pom.xml
index 70b776a4..709a1dde 100644
--- a/tephra-hbase-compat-0.98/pom.xml
+++ b/tephra-hbase-compat-0.98/pom.xml
@@ -19,7 +19,7 @@
   <parent>
     <artifactId>tephra</artifactId>
     <groupId>co.cask.tephra</groupId>
-    <version>0.4.3-SNAPSHOT</version>
+    <version>0.5.0</version>
   </parent>
   <modelVersion>4.0.0</modelVersion>