diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9001cfb3ce4c90148223a00bf7c6b672fdb3d7e4..4e36e18daa436dee1c3c319047523de4d6297165 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -67,8 +67,8 @@ ADD_DEFINITIONS(
 #-----------------------------------------------------------------------------
 # OTB version number.  An even minor number corresponds to releases.
 SET(OTB_VERSION_MAJOR "3")
-SET(OTB_VERSION_MINOR "2")
-SET(OTB_VERSION_PATCH "1")
+SET(OTB_VERSION_MINOR "4")
+SET(OTB_VERSION_PATCH "0")
 
 FIND_PACKAGE(Mercurial)
 IF(Mercurial_FOUND)