diff --git a/py/VERSION.txt b/py/VERSION.txt
index 10fbe1d21a..655b3ef463 100644
--- a/py/VERSION.txt
+++ b/py/VERSION.txt
@@ -1 +1 @@
-0.2.40-dev
+0.2.40
diff --git a/py/envoy.base.utils/VERSION b/py/envoy.base.utils/VERSION
index dec44df083..45a346dba8 100644
--- a/py/envoy.base.utils/VERSION
+++ b/py/envoy.base.utils/VERSION
@@ -1 +1 @@
-0.6.11-dev
+0.6.11