diff --git a/CMakeLists.txt b/CMakeLists.txt
index 244e274310bc32e885322c938c73b78b9a6f045e..a7f34693a98b7aa6afca1e1c1399668dfe5220fb 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,7 +1,7 @@
 cmake_minimum_required (VERSION 2.8.6)
 project (opendht)
 set (opendht_VERSION_MAJOR 1)
-set (opendht_VERSION_MINOR 3.4)
+set (opendht_VERSION_MINOR 3.5)
 set (opendht_VERSION ${opendht_VERSION_MAJOR}.${opendht_VERSION_MINOR})
 set (PACKAGE_VERSION ${opendht_VERSION})
 set (VERSION "${opendht_VERSION}")
diff --git a/configure.ac b/configure.ac
index aa2befcb982050ac20d28a18e007a99e6db14581..dbc5359c28c04068a252e213d1d7be7e17130682 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 dnl define macros
 m4_define([opendht_major_version], 1)
 m4_define([opendht_minor_version], 3)
-m4_define([opendht_patch_version], 4)
+m4_define([opendht_patch_version], 5)
 m4_define([opendht_version],
 		  [opendht_major_version.opendht_minor_version.opendht_patch_version])