diff --git a/README.md b/README.md
index a36556a..dadb8c6 100644
--- a/README.md
+++ b/README.md
@@ -14,9 +14,9 @@ This project was created at DevCamp at MoodleMoot DACH 2024.
 
 ## Requirements
 
-This plugin requires Moodle 4.4.
+This plugin requires Moodle 5.0.
 
-It will probably work with a lower version of the 4.x branches, however, this was not tested. In case you want to use it with a lower version, please adapt the `version.php`.
+This is the version for Moodle 5.0, if you have Moodle 4.4 or 4.5 please use the appropriate version of this plugin.
 
 ## Motivation for this report
 
@@ -33,6 +33,10 @@ See http://docs.moodle.org/en/Installing_plugins for details on installing Moodl
 
 ## Version History
 
+### 0.5
+
+- Adaptions for the upcomming Moodle 5.0 with changes in the Question bank.
+
 ### 0.4
 
 - Add Moodle 4.5 to the CI pipeline.
diff --git a/version.php b/version.php
index 544d226..1dc030a 100644
--- a/version.php
+++ b/version.php
@@ -25,8 +25,8 @@
 defined('MOODLE_INTERNAL') || die();
 
 $plugin->component = 'qbank_bulkxmlexport';
-$plugin->release = '0.4';
-$plugin->version = 2024101100;
-$plugin->requires = 2024041200;
-$plugin->supported = [404, 405];
+$plugin->release = '0.5 for Moodle 5.0';
+$plugin->version = 2024120700;
+$plugin->requires = 2024120500;
+$plugin->supported = [500, 500];
 $plugin->maturity = MATURITY_RC;