diff --git a/setup.py b/setup.py
index 8f11abfdf..6803b0a4d 100644
--- a/setup.py
+++ b/setup.py
@@ -28,7 +28,7 @@
 
 NAME = "deluge"
 FULLNAME = "Deluge BitTorrent Client"
-VERSION	= "0.5.2.90"
+VERSION	= "0.5.3"
 AUTHOR = "Zach Tibbitts, Alon Zakai, Marcos Pinto, Andrew Resch, Alex Dedul"
 EMAIL = "zach@collegegeek.org, kripkensteiner@gmail.com, marcospinto@dipconsultants.com, alonzakai@gmail.com, rotmer@gmail.com"
 DESCRIPTION	= "A bittorrent client written in PyGTK"
diff --git a/src/common.py b/src/common.py
index 3d99fac1c..205b3a24d 100644
--- a/src/common.py
+++ b/src/common.py
@@ -32,7 +32,7 @@ import os.path
 import xdg.BaseDirectory
 
 PROGRAM_NAME = "Deluge"
-PROGRAM_VERSION = "0.5.2.90"
+PROGRAM_VERSION = "0.5.3"
 
 CLIENT_CODE = "DE"
 CLIENT_VERSION = "".join(PROGRAM_VERSION.split('.'))+"0"*(4 - len(PROGRAM_VERSION.split('.')))
@@ -176,4 +176,4 @@ PRIORITY_HIGHEST = 6
 PRIORITY_DICT = {PRIORITY_DONT_DOWNLOAD: N_("Don't download"),
                  PRIORITY_NORMAL: N_("Normal"),
                  PRIORITY_HIGH: N_("High"),
-                 PRIORITY_HIGHEST: N_("Highest")}
\ No newline at end of file
+                 PRIORITY_HIGHEST: N_("Highest")}