diff --git a/GPy/__version__.py b/GPy/__version__.py
index 68cdeee4..382021f3 100644
--- a/GPy/__version__.py
+++ b/GPy/__version__.py
@@ -1 +1 @@
-__version__ = "1.0.5"
+__version__ = "1.0.6"
diff --git a/setup.cfg b/setup.cfg
index 97f294e8..fb1fb0f5 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.0.5
+current_version = 1.0.6
 tag = False
 commit = True
 
diff --git a/setup.py b/setup.py
index 29bdfdef..18e0c7d8 100644
--- a/setup.py
+++ b/setup.py
@@ -155,7 +155,7 @@ setup(name = 'GPy',
       py_modules = ['GPy.__init__'],
       test_suite = 'GPy.testing',
       long_description=desc,
-      install_requires=['numpy>=1.7', 'scipy>=0.16', 'six', 'paramz'],
+      install_requires=['numpy>=1.7', 'scipy>=0.16', 'six', 'paramz>=0.5.2'],
       extras_require = {'docs':['sphinx'],
                         'optional':['mpi4py',
                                     'ipython>=4.0.0',
@@ -209,4 +209,4 @@ try:
     else:
         print("GPy: User configuration file at location {}".format(user_file))
 except:
-    print("GPy: Could not write user configuration file {}".format(user_file))
\ No newline at end of file
+    print("GPy: Could not write user configuration file {}".format(user_file))