diff --git a/lib/open-uri.rb b/lib/open-uri.rb
index f2eddbcd2b..de710af261 100644
--- a/lib/open-uri.rb
+++ b/lib/open-uri.rb
@@ -91,7 +91,7 @@ end
 
 module OpenURI
 
-  VERSION = "0.4.1"
+  VERSION = "0.5.0"
 
   Options = {
     :proxy => true,