diff --git a/setup.py b/setup.py
index 3225b5ef..de6038b4 100644
--- a/setup.py
+++ b/setup.py
@@ -115,7 +115,7 @@ def run(self):
 ]
 
 setup(name='atramhasis',
-      version='0.5.0b2',
+      version='0.5.0b3',
       description='A web based editor for thesauri adhering to the SKOS specification.',
       long_description=README + '\n\n' + CHANGES,
       classifiers=[