diff --git a/VERSION b/VERSION
index 7bad2cdaf2..cf766507e0 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-18.05.0-ce-beta1
+18.05.0-ce-rc1
diff --git a/components/cli/VERSION b/components/cli/VERSION
index 9a8fa16e78..cf766507e0 100644
--- a/components/cli/VERSION
+++ b/components/cli/VERSION
@@ -1 +1 @@
-18.05.0-dev
+18.05.0-ce-rc1