diff --git a/version.php b/version.php
index 5515fb06434..5710ff182ad 100644
--- a/version.php
+++ b/version.php
@@ -29,9 +29,9 @@
 
 defined('MOODLE_INTERNAL') || die();
 
-$version  = 2019111806.06;              // 20191118      = branching date YYYYMMDD - do not modify!
+$version  = 2019111806.07;              // 20191118      = branching date YYYYMMDD - do not modify!
                                         //         RR    = release increments - 00 in DEV branches.
                                         //           .XX = incremental changes.
-$release  = '3.8.6+ (Build: 20201224)'; // Human-friendly version name
+$release  = '3.8.6+ (Build: 20210108)'; // Human-friendly version name
 $branch   = '38';                       // This version's branch.
 $maturity = MATURITY_STABLE;             // This version's maturity level.