diff --git a/Makefile b/Makefile
index af4c3c0a98daac04d010a165cfb83e6023fde088..693b3f27646621e353e4a52a96f768d70de4d5db 100644
--- a/Makefile
+++ b/Makefile
@@ -22,9 +22,9 @@
 #
 
 VERSION = 2013
-PATCHLEVEL = 04
+PATCHLEVEL = 07
 SUBLEVEL =
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 ifneq "$(SUBLEVEL)" ""
 U_BOOT_VERSION = $(VERSION).$(PATCHLEVEL).$(SUBLEVEL)$(EXTRAVERSION)
 else