diff --git a/Makefile b/Makefile
index 5017b1d7abb67..3eb37e3d17ec9 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 # Naming convention:
 #	for stable releases we use "1.0.0" format
 #   for pre-releases, we use   "1.0.0-beta.2" format
-VERSION=2.0.0-alpha.7
+VERSION=2.0.0-beta.1
 
 # These are standard autotools variables, don't change them please
 BUILDDIR ?= build