diff --git a/.release b/.release
index 28d4da95f2febc7f9e326f85992595249dc86cde..159363b523554e5e4d3309b437f0a849c92efd69 100644
--- a/.release
+++ b/.release
@@ -1,2 +1,2 @@
-release=0.5.3
-tag=lmcbaseclasses-0.5.3
+release=0.5.4
+tag=lmcbaseclasses-0.5.4
diff --git a/README.md b/README.md
index 311331817a9d5fa6d94b3393dc2fa3049c36baa2..75541560b847d4e37553fd612b67f523e1bd9fd1 100644
--- a/README.md
+++ b/README.md
@@ -25,7 +25,7 @@ The lmc-base-classe repository contains set of eight classes as mentioned in SKA
 
 ## Version History
 
-#### (unreleased)
+#### 0.5.4
 - Remove `ObsState` command from SKACapability, SKAObsDevice and SKASubarray Pogo XMI files.  It should not
   have been included - the `obsState` attribute provides this information. The command was not in the Python
   files, so no change to usage.  It only affects future Pogo code generation.
diff --git a/src/ska/base/release.py b/src/ska/base/release.py
index c73a1b82254042b1245f868a3cc2b808b0861564..7ec0d525f8fca6ebf0d17f91571b76091239fc6e 100644
--- a/src/ska/base/release.py
+++ b/src/ska/base/release.py
@@ -7,7 +7,7 @@
 """Release information for lmc-base-classes Python Package"""
 
 name = """lmcbaseclasses"""
-version = "0.5.3"
+version = "0.5.4"
 version_info = version.split(".")
 description = """A set of generic base devices for SKA Telescope."""
 author = "SKA India and SARAO"