diff --git a/elks/Makefile-rules b/elks/Makefile-rules
index a3b82b13e..dea48c54c 100644
--- a/elks/Makefile-rules
+++ b/elks/Makefile-rules
@@ -56,7 +56,7 @@ include $(TOPDIR)/Make.defs
 # State the current version of this system.
 
 VERSION 	= 0	# (0-255)
-PATCHLEVEL	= 3	# (0-255)
+PATCHLEVEL	= 4	# (0-255)
 SUBLEVEL	= 0	# (0-255)
 #PRE		= 0	# (0-255)	If not a pre, comment this line.
 
diff --git a/libc/Makefile.inc b/libc/Makefile.inc
index c9dddbd4b..9473abdc2 100644
--- a/libc/Makefile.inc
+++ b/libc/Makefile.inc
@@ -1,5 +1,5 @@
 
-VERSION=elks-0.3.0
+VERSION=elks-0.4.0
 
 INCLUDES=-I$(TOPDIR)/include -I$(TOPDIR)/libc/include -I$(TOPDIR)/elks/include
 DEFINES=-D__LIBC__ -D__LIBC_VER__='"$(VERSION)"' -D__HAS_NO_FLOATS__