diff --git a/Makefile b/Makefile
index 742b1653f3..0f7d6f32bc 100644
--- a/Makefile
+++ b/Makefile
@@ -3,9 +3,9 @@
 #
 
 VERSION = 2016
-PATCHLEVEL = 05
+PATCHLEVEL = 07
 SUBLEVEL =
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME =
 
 # *DOCUMENTATION*