diff --git a/README.md b/README.md
index 6c9a0dd1..f08cdf59 100644
--- a/README.md
+++ b/README.md
@@ -6,7 +6,7 @@
 [coverity]: https://scan.coverity.com/projects/mcuboot
 [travis]: https://travis-ci.org/JuulLabs-OSS/mcuboot
 
-This is mcuboot version 1.5.0-rc1
+This is mcuboot version 1.5.0-rc2
 
 MCUboot is a secure bootloader for 32-bit MCUs. The goal of MCUboot is to
 define a common infrastructure for the bootloader, system flash layout on
diff --git a/repository.yml b/repository.yml
index 261f0750..173ad086 100644
--- a/repository.yml
+++ b/repository.yml
@@ -27,7 +27,7 @@ repo.versions:
     "1.3.0": "v1.3.0"
     "1.3.1": "v1.3.1"
     "1.4.0": "v1.4.0"
-    "1.5.0": "v1.5.0-rc1"
+    "1.5.0": "v1.5.0-rc2"
 
     "0-dev": "0.0.0"        # master
     "0-latest": "1.3.1"     # latest stable release
diff --git a/scripts/imgtool/__init__.py b/scripts/imgtool/__init__.py
index d4c08b8e..cbf14e5d 100644
--- a/scripts/imgtool/__init__.py
+++ b/scripts/imgtool/__init__.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-imgtool_version = "1.5.0rc1"
+imgtool_version = "1.5.0rc2"