diff --git a/parso/__init__.py b/parso/__init__.py
index a789aef..0b217dc 100644
--- a/parso/__init__.py
+++ b/parso/__init__.py
@@ -43,7 +43,7 @@ from parso.grammar import Grammar, load_grammar
 from parso.utils import split_lines, python_bytes_to_unicode
 
 
-__version__ = '0.4.1'
+__version__ = '0.5.0'
 
 
 def parse(code=None, **kwargs):