diff --git a/README.md b/README.md
index b81eeb7..631b3b6 100644
--- a/README.md
+++ b/README.md
@@ -139,6 +139,12 @@ These extensions also utilise Libsass & remain in varying states of completion
 
 ## Changelog
 
+** Version 0.5
+*  PHP 7 compatibility
+
+** Version 0.4.9
+* Too Fast To Furious (Libsass 3.3.1) stable
+
 ** Version 0.4.8
 * Greased Lightning (Libsass 3.3.0) stable
 
diff --git a/src/php_sass.h b/src/php_sass.h
index d5ffa03..0e0d564 100644
--- a/src/php_sass.h
+++ b/src/php_sass.h
@@ -13,7 +13,7 @@
 #include "config.h"
 #endif
 
-#define SASS_VERSION "0.4.9"
+#define SASS_VERSION "0.5.0"
 #define SASS_FLAVOR  "Sassyphpras"
 
 #include <php.h>