diff --git a/version.php b/version.php
index 1a72883d91835..5ead2b57d60e3 100644
--- a/version.php
+++ b/version.php
@@ -30,10 +30,10 @@
 // between betas, final and RCs. This is _not_ the public version number. Reset minor/patch level
 // when updating major/minor version number.
 
-$OC_Version = [27, 0, 0, 8];
+$OC_Version = [27, 0, 1, 0];
 
 // The human-readable string
-$OC_VersionString = '27.0.0';
+$OC_VersionString = '27.0.1 RC1';
 
 $OC_VersionCanBeUpgradedFrom = [
 	'nextcloud' => [