diff --git a/adal/__init__.py b/adal/__init__.py
index 6180e711..e82206ae 100644
--- a/adal/__init__.py
+++ b/adal/__init__.py
@@ -27,7 +27,7 @@
 
 # pylint: disable=wrong-import-position
 
-__version__ = '0.3.0'
+__version__ = '0.4.0'
 
 import logging
 
diff --git a/setup.py b/setup.py
index 4b6f2487..f1b5e0ca 100644
--- a/setup.py
+++ b/setup.py
@@ -44,7 +44,7 @@
 
 setup(
     name='adal',
-    version='0.3.0', #note, same string exists in __init__.py
+    version='0.4.0', #note, same string exists in __init__.py
     description=('The ADAL for Python library makes it easy for python ' + 
                  'application to authenticate to Azure Active Directory ' + 
                  '(AAD) in order to access AAD protected web resources.'),