diff --git a/synapse/__init__.py b/synapse/__init__.py
index f8ec4b045..7d548b0a8 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -16,4 +16,4 @@
 """ This is a reference implementation of a Matrix home server.
 """
 
-__version__ = "0.7.1-r1"
+__version__ = "0.7.1-r2"