diff --git a/google-cloud-container-bom/pom.xml b/google-cloud-container-bom/pom.xml
index cbe129e4..fa1401d9 100644
--- a/google-cloud-container-bom/pom.xml
+++ b/google-cloud-container-bom/pom.xml
@@ -8,7 +8,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>0.4.0</version>
+    <version>0.5.0</version>
   </parent>
 
   <name>Google Cloud container BOM</name>
diff --git a/pom.xml b/pom.xml
index 38fa93d7..2c03b024 100644
--- a/pom.xml
+++ b/pom.xml
@@ -14,7 +14,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>0.4.0</version>
+    <version>0.5.0</version>
   </parent>
 
   <developers>