diff --git a/CMakeLists.txt b/CMakeLists.txt
index 8b19957708dff7cccdfb038f189c0931d69ff452..426954a79f9bb53931298a885f581c97d7545b3a 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -30,8 +30,8 @@ include(SourceStatus)
 #-----------------------------------------------------------------------------
 # OTB version number.  An even minor number corresponds to releases.
 set(OTB_VERSION_MAJOR "4")
-set(OTB_VERSION_MINOR "3")
-set(OTB_VERSION_PATCH "0")
+set(OTB_VERSION_MINOR "2")
+set(OTB_VERSION_PATCH "1")
 
 # Version string should not include patch level.  The major.minor is
 # enough to distinguish available features of the toolkit.