diff --git a/CMakeLists.txt b/CMakeLists.txt
index ee66eebd4..ecd857adf 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ include(EthPolicy)
 eth_policy()
 
 # project name and version should be set after cmake_policy CMP0048
-set(PROJECT_VERSION "0.4.7")
+set(PROJECT_VERSION "0.4.8")
 project(solidity VERSION ${PROJECT_VERSION})
 
 # Let's find our dependencies
diff --git a/Changelog.md b/Changelog.md
index 096c72d48..9faf0f8e5 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,3 +1,5 @@
+### 0.4.8 (unreleased)
+
 ### 0.4.7 (2016-12-15)
 
 Features:
diff --git a/docs/conf.py b/docs/conf.py
index 2bc79fd9f..ecabbb861 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -56,9 +56,9 @@ copyright = '2016, Ethereum'
 # built documents.
 #
 # The short X.Y version.
-version = '0.4.7'
+version = '0.4.8'
 # The full version, including alpha/beta/rc tags.
-release = '0.4.7-develop'
+release = '0.4.8-develop'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.