diff --git a/README.md b/README.md
index b84fb5b..84df69d 100644
--- a/README.md
+++ b/README.md
@@ -42,8 +42,8 @@
 load("@bazel_tools//tools/build_defs/repo:http.bzl", "http_archive")
 http_archive(
     name = "rules_python",
-    url = "https://github.com/bazelbuild/rules_python/releases/download/0.3.0/rules_python-0.3.0.tar.gz",
-    sha256 = "934c9ceb552e84577b0faf1e5a2f0450314985b4d8712b2b70717dc679fdc01b",
+    url = "https://github.com/bazelbuild/rules_python/releases/download/0.4.0/rules_python-0.4.0.tar.gz",
+    sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
 )
 ```
 
diff --git a/examples/legacy_pip_import/WORKSPACE b/examples/legacy_pip_import/WORKSPACE
index cafb629..bd540c3 100644
--- a/examples/legacy_pip_import/WORKSPACE
+++ b/examples/legacy_pip_import/WORKSPACE
@@ -4,8 +4,8 @@
 
 http_archive(
     name = "rules_python",
-    sha256 = "934c9ceb552e84577b0faf1e5a2f0450314985b4d8712b2b70717dc679fdc01b",
-    url = "https://github.com/bazelbuild/rules_python/releases/download/0.3.0/rules_python-0.3.0.tar.gz",
+    sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
+    url = "https://github.com/bazelbuild/rules_python/releases/download/0.4.0/rules_python-0.4.0.tar.gz",
 )
 
 load("@rules_python//python/legacy_pip_import:pip.bzl", "pip_import", "pip_repositories")
diff --git a/examples/pip_install/WORKSPACE b/examples/pip_install/WORKSPACE
index 4da2381..245b5f9 100644
--- a/examples/pip_install/WORKSPACE
+++ b/examples/pip_install/WORKSPACE
@@ -4,8 +4,8 @@
 
 http_archive(
     name = "rules_python",
-    sha256 = "934c9ceb552e84577b0faf1e5a2f0450314985b4d8712b2b70717dc679fdc01b",
-    url = "https://github.com/bazelbuild/rules_python/releases/download/0.3.0/rules_python-0.3.0.tar.gz",
+    sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
+    url = "https://github.com/bazelbuild/rules_python/releases/download/0.4.0/rules_python-0.4.0.tar.gz",
 )
 
 load("@rules_python//python:pip.bzl", "pip_install")
diff --git a/examples/pip_parse/WORKSPACE b/examples/pip_parse/WORKSPACE
index 78b6773..c37803e 100644
--- a/examples/pip_parse/WORKSPACE
+++ b/examples/pip_parse/WORKSPACE
@@ -4,8 +4,8 @@
 
 http_archive(
     name = "rules_python",
-    sha256 = "934c9ceb552e84577b0faf1e5a2f0450314985b4d8712b2b70717dc679fdc01b",
-    url = "https://github.com/bazelbuild/rules_python/releases/download/0.3.0/rules_python-0.3.0.tar.gz",
+    sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
+    url = "https://github.com/bazelbuild/rules_python/releases/download/0.4.0/rules_python-0.4.0.tar.gz",
 )
 
 load("@rules_python//python:pip.bzl", "pip_parse")
diff --git a/examples/py_import/WORKSPACE b/examples/py_import/WORKSPACE
index f2ed6e1..9c1ef4c 100644
--- a/examples/py_import/WORKSPACE
+++ b/examples/py_import/WORKSPACE
@@ -4,8 +4,8 @@
 
 http_archive(
     name = "rules_python",
-    sha256 = "934c9ceb552e84577b0faf1e5a2f0450314985b4d8712b2b70717dc679fdc01b",
-    url = "https://github.com/bazelbuild/rules_python/releases/download/0.3.0/rules_python-0.3.0.tar.gz",
+    sha256 = "954aa89b491be4a083304a2cb838019c8b8c3720a7abb9c4cb81ac7a24230cea",
+    url = "https://github.com/bazelbuild/rules_python/releases/download/0.4.0/rules_python-0.4.0.tar.gz",
 )
 
 load("@rules_python//python:pip.bzl", "pip_install")
diff --git a/version.bzl b/version.bzl
index 25f181d..f63feab 100644
--- a/version.bzl
+++ b/version.bzl
@@ -13,7 +13,7 @@
 # limitations under the License.
 """The version of rules_python."""
 
-version = "0.3.0"
+version = "0.4.0"
 
 # Currently used Bazel version. This version is what the rules here are tested
 # against.