diff --git a/Makefile b/Makefile
index 153e076480..dfed58bec6 100644
--- a/Makefile
+++ b/Makefile
@@ -2,10 +2,10 @@
 # SPDX-License-Identifier:	GPL-2.0+
 #
 
-VERSION = 2016
-PATCHLEVEL = 11
+VERSION = 2017
+PATCHLEVEL = 01
 SUBLEVEL =
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME =
 
 # *DOCUMENTATION*