diff --git a/configure.ac b/configure.ac
index 89092036c..2eed1d258 100644
--- a/configure.ac
+++ b/configure.ac
@@ -24,8 +24,8 @@ m4_define([cogl_version],
 
 dnl Since the core Cogl library has to also maintain support for the
 dnl Cogl 1.x API for Clutter then we track the 1.x version separately.
-m4_define([cogl_1_minor_version], [7])
-m4_define([cogl_1_micro_version], [9])
+m4_define([cogl_1_minor_version], [8])
+m4_define([cogl_1_micro_version], [0])
 m4_define([cogl_1_version], [1.cogl_1_minor_version.cogl_1_micro_version])
 
 dnl ================================================================
@@ -55,9 +55,9 @@ dnl ================================================================
 #
 #  5. If any interfaces have been removed since the last public release,
 #     then set AGE to 0.
-m4_define([cogl_lt_current], 4)
+m4_define([cogl_lt_current], 5)
 m4_define([cogl_lt_revision], 0)
-m4_define([cogl_lt_age], 2)
+m4_define([cogl_lt_age], 0)
 # We do also tell libtool the pretty version:
 m4_define([cogl_lt_release], [cogl_version])
 
@@ -70,7 +70,7 @@ dnl ================================================================
 # libtool version info we don't automatically derive this from the
 # pretty version number because we want to test the results of
 # updating the version number in advance of a release.
-m4_define([cogl_release_status], [git])
+m4_define([cogl_release_status], [release])
 
 AC_INIT(cogl, [cogl_1_version])
 AC_CONFIG_SRCDIR(cogl/cogl.h)