diff --git a/Makefile b/Makefile
index 2fa9e3b7..7fcfacd6 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 TOOL_NAME = xcodegen
-VERSION = 1.4.0
+VERSION = 1.5.0
 
 PREFIX = /usr/local
 INSTALL_PATH = $(PREFIX)/bin/$(TOOL_NAME)
diff --git a/Sources/XcodeGen/main.swift b/Sources/XcodeGen/main.swift
index 5b4ccd44..7b777741 100644
--- a/Sources/XcodeGen/main.swift
+++ b/Sources/XcodeGen/main.swift
@@ -6,7 +6,7 @@ import xcproj
 import ProjectSpec
 import JSONUtilities
 
-let version = "1.4.0"
+let version = "1.5.0"
 
 func generate(spec: String, project: String, isQuiet: Bool, justVersion: Bool) {
     if justVersion {