diff --git a/setup.py b/setup.py
index 55f81762..c3a75024 100644
--- a/setup.py
+++ b/setup.py
@@ -150,7 +150,7 @@ setup(name = 'GPy',
       py_modules = ['GPy.__init__'],
       test_suite = 'GPy.testing',
       setup_requires = ['numpy>=1.7'],
-      install_requires = ['numpy>=1.7', 'scipy>=0.16', 'six', 'paramz>=0.7.4'],
+      install_requires = ['numpy>=1.7', 'scipy>=0.16', 'six', 'paramz>=0.8.3'],
       extras_require = {'docs':['sphinx'],
                         'optional':['mpi4py',
                                     'ipython>=4.0.0',