diff --git a/setup.py b/setup.py
index f0090aff31430..edd3e398c27be 100755
--- a/setup.py
+++ b/setup.py
@@ -194,8 +194,8 @@ def build_extensions(self):
 
 MAJOR = 0
 MINOR = 16
-MICRO = 0
-ISRELEASED = False
+MICRO = 1
+ISRELEASED = True
 VERSION = '%d.%d.%d' % (MAJOR, MINOR, MICRO)
 QUALIFIER = ''