diff --git a/README.md b/README.md
index 4a073651c..cbce2928c 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # Digi Embedded Yocto (DEY) 5.0
-## Release 5.0-r1
+## Release 5.0-r2
 
 This document provides information about Digi Embedded Yocto,
 Digi International's professional embedded Yocto development environment.
@@ -79,11 +79,15 @@ Documentation is available online at https://www.digi.com/resources/documentatio
 
 # Downloads
 
-* Demo images: https://ftp1.digi.com/support/digiembeddedyocto/5.0/r1/images/
-* Software Development Kit (SDK): https://ftp1.digi.com/support/digiembeddedyocto/5.0/r1/sdk/
+* Demo images: https://ftp1.digi.com/support/digiembeddedyocto/5.0/r2/images/
+* Software Development Kit (SDK): https://ftp1.digi.com/support/digiembeddedyocto/5.0/r2/sdk/
 
 # Release Changelog
 
+## 5.0-r2
+
+TODO
+
 ## 5.0-r1
 
 * Release based on [Yocto 5.0 (Scarthgap)](https://www.yoctoproject.org/software-overview/downloads) including:
diff --git a/meta-digi-dey/conf/distro/dey.conf b/meta-digi-dey/conf/distro/dey.conf
index 8d95571d4..b8aa37b62 100644
--- a/meta-digi-dey/conf/distro/dey.conf
+++ b/meta-digi-dey/conf/distro/dey.conf
@@ -4,8 +4,8 @@ require include/time64.inc
 # Discrete version values.
 YOCTO_MAJOR = "5"
 YOCTO_MINOR = "0"
-DEY_RELEASE = "1"
-DEY_BUILD = "3"
+DEY_RELEASE = "2"
+DEY_BUILD = "1"
 
 # Firmware version of the system.
 DEY_FIRMWARE_VERSION ?= "${YOCTO_MAJOR}.${YOCTO_MINOR}.${DEY_RELEASE}.${DEY_BUILD}"