diff --git a/version.php b/version.php
index ae3115ec74a02fc179f72d84cd33ca956e814379..9df9a76f2ebf51283b79af4a9fceaa1a3b68e54a 100644
--- a/version.php
+++ b/version.php
@@ -3,10 +3,10 @@
 // We only can count up. The 4. digit is only for the internal patchlevel to trigger DB upgrades
 // between betas, final and RCs. This is _not_ the public version number. Reset minor/patchlevel
 // when updating major/minor version number.
-$OC_Version=array(7, 0, 0, 1);
+$OC_Version=array(7, 0, 0, 2);
 
 // The human readable string
-$OC_VersionString='7.0 alpha 2';
+$OC_VersionString='7.0 beta 1';
 
 // The ownCloud edition
 $OC_Edition='';