diff --git a/RELEASE b/RELEASE
index f0ba17a1f..270ed8530 100644
--- a/RELEASE
+++ b/RELEASE
@@ -2,9 +2,9 @@ fwupd Release Notes
 
 1. Write NEWS entries for fwupd in the same format as usual.
 
-git shortlog 0.5.2.. | grep -i -v trivial | grep -v Merge > NEWS.new
+git shortlog 0.5.3.. | grep -i -v trivial | grep -v Merge > NEWS.new
 
-Version 0.5.3
+Version 0.5.4
 ~~~~~~~~~~~~~
 Released: 2015-xx-xx
 
@@ -23,7 +23,7 @@ git add *.po
 2. Commit changes to git:
 
 # MAKE SURE THESE ARE CORRECT
-export release_ver="0.5.3"
+export release_ver="0.5.4"
 
 git commit -a -m "Release fwupd ${release_ver}"
 git tag -s -f -m "Release fwupd ${release_ver}" "${release_ver}"
diff --git a/configure.ac b/configure.ac
index 7753001d7..22428626c 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ AC_PREREQ(2.63)
 
 m4_define([fwupd_major_version], [0])
 m4_define([fwupd_minor_version], [5])
-m4_define([fwupd_micro_version], [3])
+m4_define([fwupd_micro_version], [4])
 m4_define([fwupd_version],
           [fwupd_major_version.fwupd_minor_version.fwupd_micro_version])