diff --git a/model_api/pyproject.toml b/model_api/pyproject.toml
index 7338eb24..b8a2e1d3 100644
--- a/model_api/pyproject.toml
+++ b/model_api/pyproject.toml
@@ -9,7 +9,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "openvino_model_api"
-version = "0.4.6"
+version = "0.4.7"
 requires-python = ">=3.11"
 authors = [
   {name = "Intel(R) Corporation"},
diff --git a/model_api/uv.lock b/model_api/uv.lock
index 919c471a..d8c4276f 100644
--- a/model_api/uv.lock
+++ b/model_api/uv.lock
@@ -2229,7 +2229,7 @@ wheels = [
 
 [[package]]
 name = "openvino-model-api"
-version = "0.4.6"
+version = "0.4.7"
 source = { editable = "." }
 dependencies = [
     { name = "numpy", version = "2.4.6", source = { registry = "https://pypi.org/simple" }, marker = "python_full_version < '3.12'" },
diff --git a/model_converter/uv.lock b/model_converter/uv.lock
index a0dd617f..ca26e5b8 100644
--- a/model_converter/uv.lock
+++ b/model_converter/uv.lock
@@ -1441,7 +1441,7 @@ wheels = [
 
 [[package]]
 name = "openvino-model-api"
-version = "0.4.6"
+version = "0.4.7"
 source = { editable = "../model_api" }
 dependencies = [
     { name = "numpy" },