diff --git a/setup.py b/setup.py
index d6f2c373..e3407456 100755
--- a/setup.py
+++ b/setup.py
@@ -57,7 +57,7 @@
 builtins._ASTROPY_PACKAGE_NAME_ = PACKAGENAME
 
 # VERSION should be PEP386 compatible (http://www.python.org/dev/peps/pep-0386)
-VERSION = '0.4.0.rc1'
+VERSION = '0.4.0'
 
 # Indicates if this version is a release version
 RELEASE = 'dev' not in VERSION