diff --git a/CMakeLists.txt b/CMakeLists.txt
index fada3ea54..a55145076 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -42,7 +42,7 @@ message(STATUS "Enabled languages: ${languages}")
 
 project(k2 ${languages})
 
-set(K2_VERSION "0.3.5")
+set(K2_VERSION "1.0")
 
 # ----------------- Supported build types for K2 project -----------------
 set(ALLOWABLE_BUILD_TYPES Debug Release RelWithDebInfo MinSizeRel)