diff --git a/pkg/kapp/cmd/version.go b/pkg/kapp/cmd/version.go
index 444a23a65..fa5594834 100644
--- a/pkg/kapp/cmd/version.go
+++ b/pkg/kapp/cmd/version.go
@@ -9,7 +9,7 @@ import (
 )
 
 const (
-	Version = "0.4.0"
+	Version = "0.5.0"
 )
 
 type VersionOptions struct {