diff --git a/README.md b/README.md
index 6c8c5c9..af9d4dd 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # couleur - ANSI terminal tool for python, colored shell and other handy fancy features
-__Version 0.3__
+__Version 0.5.0__
 
 __Couleur__ is a handy tool to play around with ANSI features in a
 unix terminal
diff --git a/couleur/__init__.py b/couleur/__init__.py
index 3e6cca6..981afcc 100644
--- a/couleur/__init__.py
+++ b/couleur/__init__.py
@@ -20,7 +20,7 @@ import sys
 import uuid
 import platform
 
-version = '0.4.1'
+version = '0.5.0'
 
 from StringIO import StringIO