diff --git a/build/jam/BuildSetup b/build/jam/BuildSetup
index 550a230862..fb04daf770 100644
--- a/build/jam/BuildSetup
+++ b/build/jam/BuildSetup
@@ -12,7 +12,7 @@
 
 # The Haiku (base) version. For development builds the revision will be
 # attached.
-HAIKU_VERSION = r1~alpha4_pm ;
+HAIKU_VERSION = r1~beta1 ;
 
 
 #pragma mark - container settings
diff --git a/headers/os/BeBuild.h b/headers/os/BeBuild.h
index 5a34a95259..f99212bd72 100644
--- a/headers/os/BeBuild.h
+++ b/headers/os/BeBuild.h
@@ -1,5 +1,5 @@
 /*
- * Copyright 2007-2012, Haiku, Inc. All Rights Reserved.
+ * Copyright 2007-2018, Haiku, Inc. All Rights Reserved.
  * Distributed under the terms of the MIT License.
  */
 #ifndef _BE_BUILD_H
@@ -28,9 +28,11 @@
 #define B_HAIKU_VERSION_1_PRE_ALPHA_4	0x00000301
 #define B_HAIKU_VERSION_1_ALPHA_4		0x00000400
 #define B_HAIKU_VERSION_1_PRE_BETA_1	0x00000401
+#define B_HAIKU_VERSION_1_BETA_1		0x00000500
+#define B_HAIKU_VERSION_1_PRE_BETA_2	0x00000501
 #define B_HAIKU_VERSION_1				0x00010000
 
-#define B_HAIKU_VERSION					B_HAIKU_VERSION_1_PRE_BETA_1
+#define B_HAIKU_VERSION					B_HAIKU_VERSION_1_PRE_BETA_2
 
 /* Haiku ABI */
 #define B_HAIKU_ABI_MAJOR				0xffff0000
diff --git a/src/kits/libbe_version.rdef b/src/kits/libbe_version.rdef
index f7a90b9d8d..ed02d9dff1 100644
--- a/src/kits/libbe_version.rdef
+++ b/src/kits/libbe_version.rdef
@@ -3,12 +3,12 @@ resource app_version {
 	middle = 0,
 	minor  = 0,
 
-	variety = B_APPV_ALPHA,
+	variety = B_APPV_BETA,
 
-	internal = 7,
+	internal = 9,
 
 	short_info = "Walter",
-	long_info = "©2001-2011 Haiku Inc."
+	long_info = "©2001-2018 Haiku Inc."
 };
 
 resource app_signature "application/x-vnd.Haiku-libbe" ;