diff --git a/kmir/pyproject.toml b/kmir/pyproject.toml
index 3554b1c6d..6843900e0 100644
--- a/kmir/pyproject.toml
+++ b/kmir/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "poetry.core.masonry.api"
 
 [tool.poetry]
 name = "kmir"
-version = "0.3.48"
+version = "0.3.49"
 description = ""
 authors = [
     "Runtime Verification, Inc. <contact@runtimeverification.com>",
diff --git a/kmir/src/kmir/__init__.py b/kmir/src/kmir/__init__.py
index e3a8ca945..6bc4d0ffd 100644
--- a/kmir/src/kmir/__init__.py
+++ b/kmir/src/kmir/__init__.py
@@ -1,3 +1,3 @@
 from typing import Final
 
-VERSION: Final = '0.3.48'
+VERSION: Final = '0.3.49'
diff --git a/package/version b/package/version
index 2fb885a22..b3682c13e 100644
--- a/package/version
+++ b/package/version
@@ -1 +1 @@
-0.3.48
+0.3.49