diff --git a/config.lib b/config.lib
index e3fa8578cc..a43b8f3490 100644
--- a/config.lib
+++ b/config.lib
@@ -11,7 +11,7 @@ log() {
 }
 
 set_default() {
-	released_version=""
+	released_version="1.0.2-RC1"
 
 	ignore_extra_parameters="0"
 	# We set all kinds of defaults for params. Later on the user can override
diff --git a/projects/determineversion.vbs b/projects/determineversion.vbs
index 1c6f48552d..bf86aa6f0f 100755
--- a/projects/determineversion.vbs
+++ b/projects/determineversion.vbs
@@ -39,6 +39,7 @@ Sub UpdateFiles(version)
 		modified = Mid(version, InStrRev(version, Chr(9)) + 1)
 		version  = Mid(version, 1, InStr(version, Chr(9)) - 1)
 	Else
+		version = "1.0.2-RC1"
 		revision = 0
 		modified = 1
 	End If
diff --git a/src/os/windows/ottdres.rc.in b/src/os/windows/ottdres.rc.in
index d74b141119..e106d648b9 100644
--- a/src/os/windows/ottdres.rc.in
+++ b/src/os/windows/ottdres.rc.in
@@ -79,8 +79,8 @@ END
 //
 
 VS_VERSION_INFO VERSIONINFO
- FILEVERSION 1,0,0,!!REVISION!!
- PRODUCTVERSION 1,0,0,!!REVISION!!
+ FILEVERSION 1,0,2,19939
+ PRODUCTVERSION 1,0,2,19939
  FILEFLAGSMASK 0x3fL
 #ifdef _DEBUG
  FILEFLAGS 0x1L
@@ -98,14 +98,14 @@ BEGIN
             VALUE "Comments", "This program is licensed under the GNU General Public License version 2.\0"
             VALUE "CompanyName", "OpenTTD Development Team\0"
             VALUE "FileDescription", "OpenTTD\0"
-            VALUE "FileVersion", "Development !!VERSION!!\0"
+            VALUE "FileVersion", "1.0.2-RC1\0"
             VALUE "InternalName", "openttd\0"
             VALUE "LegalCopyright", "Copyright \xA9 OpenTTD Developers 2002-2010. All Rights Reserved.\0"
             VALUE "LegalTrademarks", "\0"
             VALUE "OriginalFilename", "openttd.exe\0"
             VALUE "PrivateBuild", "\0"
             VALUE "ProductName", "OpenTTD\0"
-            VALUE "ProductVersion", "Development !!VERSION!!\0"
+            VALUE "ProductVersion", "1.0.2-RC1\0"
             VALUE "SpecialBuild", "-\0"
         END
     END
diff --git a/src/rev.cpp.in b/src/rev.cpp.in
index 6e33a64f31..143298d087 100644
--- a/src/rev.cpp.in
+++ b/src/rev.cpp.in
@@ -27,7 +27,7 @@
  * norev000 is for non-releases that are made on systems without
  * subversion or sources that are not a checkout of subversion.
  */
-const char _openttd_revision[] = "!!VERSION!!";
+const char _openttd_revision[] = "1.0.2-RC1";
 
 /**
  * The text version of OpenTTD's build date.
@@ -60,11 +60,11 @@ const byte _openttd_revision_modified = !!MODIFIED!!;
  * final release will always have a lower version number than the released
  * version, thus making comparisions on specific revisions easy.
  */
-const uint32 _openttd_newgrf_version = 1 << 28 | 0 << 24 | 0 << 20 | 0 << 19 | (!!REVISION!! & ((1 << 19) - 1));
+const uint32 _openttd_newgrf_version = 1 << 28 | 0 << 24 | 2 << 20 | 0 << 19 | (19939 & ((1 << 19) - 1));
 
 #ifdef __MORPHOS__
 /**
  * Variable used by MorphOS to show the version.
  */
-extern const char morphos_versions_tag[] = "$VER: OpenTTD !!VERSION!! (!!DATE!!) OpenTTD Team [MorphOS, PowerPC]";
+extern const char morphos_versions_tag[] = "$VER: OpenTTD 1.0.2-RC1 (!!DATE!!) OpenTTD Team [MorphOS, PowerPC]";
 #endif