diff --git a/CMakeLists.txt b/CMakeLists.txt
index ea12e51..c37381b 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,8 +6,8 @@ include(GNUInstallDirs)
 project(cJSON C)
 
 set(PROJECT_VERSION_MAJOR 1)
-set(PROJECT_VERSION_MINOR 4)
-set(PROJECT_VERSION_PATCH 7)
+set(PROJECT_VERSION_MINOR 5)
+set(PROJECT_VERSION_PATCH 0)
 set(CJSON_VERSION_SO 1)
 set(CJSON_UTILS_VERSION_SO 1)
 set(PROJECT_VERSION "${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}.${PROJECT_VERSION_PATCH}")
diff --git a/Makefile b/Makefile
index f7ab85f..ecbc765 100644
--- a/Makefile
+++ b/Makefile
@@ -8,7 +8,7 @@ CJSON_TEST_SRC = cJSON.c test.c
 
 LDLIBS = -lm
 
-LIBVERSION = 1.4.7
+LIBVERSION = 1.5.0
 CJSON_SOVERSION = 1
 UTILS_SOVERSION = 1
 
diff --git a/cJSON.c b/cJSON.c
index cf46d39..e653a1c 100644
--- a/cJSON.c
+++ b/cJSON.c
@@ -58,7 +58,7 @@ CJSON_PUBLIC(const char *) cJSON_GetErrorPtr(void)
 }
 
 /* This is a safeguard to prevent copy-pasters from using incompatible C and header files */
-#if (CJSON_VERSION_MAJOR != 1) || (CJSON_VERSION_MINOR != 4) || (CJSON_VERSION_PATCH != 7)
+#if (CJSON_VERSION_MAJOR != 1) || (CJSON_VERSION_MINOR != 5) || (CJSON_VERSION_PATCH != 0)
     #error cJSON.h and cJSON.c have different versions. Make sure that both have the same.
 #endif
 
diff --git a/cJSON.h b/cJSON.h
index 9d7f3ca..622bcf5 100644
--- a/cJSON.h
+++ b/cJSON.h
@@ -30,8 +30,8 @@ extern "C"
 
 /* project version */
 #define CJSON_VERSION_MAJOR 1
-#define CJSON_VERSION_MINOR 4
-#define CJSON_VERSION_PATCH 7
+#define CJSON_VERSION_MINOR 5
+#define CJSON_VERSION_PATCH 0
 
 #include <stddef.h>