diff --git a/build.gradle b/build.gradle
index 4b88b75fe98..cd3671b002f 100644
--- a/build.gradle
+++ b/build.gradle
@@ -16,7 +16,7 @@ allprojects {
 
 subprojects {
     group = 'org.megamek'
-    version = '0.49.7-SNAPSHOT'
+    version = '0.49.7'
 }
 
 ext {
diff --git a/megamek/docs/history.txt b/megamek/docs/history.txt
index 428c4506e19..4889da7300f 100644
--- a/megamek/docs/history.txt
+++ b/megamek/docs/history.txt
@@ -1,7 +1,7 @@
 
 VERSION HISTORY:
 ----------------
-0.49.7-SNAPSHOT
+0.49.7 (2021-12-18 0300 UTC)
 + Issue #504: Adding View Active Unit keybind, to view active unit in Unit Display and target previously viewed unit
 + PR #3347: TacOps: AR bracing rule (mechs and protomechs can brace to get a bonus to hit on some shots, but are a lot easier to hit themselves)
 + PR #3346: Logging: Default Global Exception Handler and Standardized Legacy Logging
diff --git a/megamek/src/megamek/SuiteConstants.java b/megamek/src/megamek/SuiteConstants.java
index 50e075c21bc..b192c8e3a97 100644
--- a/megamek/src/megamek/SuiteConstants.java
+++ b/megamek/src/megamek/SuiteConstants.java
@@ -26,8 +26,8 @@
 public abstract class SuiteConstants {
     //region General Constants
     public static final String PROJECT_NAME = "MegaMek Suite";
-    public static final Version VERSION = new Version("0.49.7-SNAPSHOT");
-    public static final LocalDate RELEASE_DATE = LocalDate.of(2021, 12, 31);
+    public static final Version VERSION = new Version("0.49.7");
+    public static final LocalDate RELEASE_DATE = LocalDate.of(2022, 02, 18);
     public static final int MAXIMUM_D6_VALUE = 6;
 
     // This is used in creating the name of save files, e.g. the MekHQ campaign file