diff --git a/docs/source/conf.py b/docs/source/conf.py
index 32bc942b667..61741e262b6 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -11,6 +11,13 @@
 # documentation root, use os.path.abspath to make it absolute, like shown here.
 #
 
+import os
+import sys
+
+sys.path.insert(0, os.path.abspath("../../src"))
+
+from otx import __version__
+
 # ruff: noqa
 
 # -- Project information ----------------------------------------------------- #
@@ -18,7 +25,7 @@
 project = 'OpenVINO™ Training Extensions'
 copyright = '2023, OpenVINO™ Training Extensions Contributors'
 author = 'OpenVINO™ Training Extensions Contributors'
-release = '1.4.2'
+release = __version__
 
 # -- General configuration --------------------------------------------------- #
 
diff --git a/src/otx/__init__.py b/src/otx/__init__.py
index 1eb8b4ec35d..78cf2f8eb22 100644
--- a/src/otx/__init__.py
+++ b/src/otx/__init__.py
@@ -3,5 +3,5 @@
 # Copyright (C) 2021-2023 Intel Corporation
 # SPDX-License-Identifier: Apache-2.0
 
-__version__ = "1.4.2rc4"
+__version__ = "1.4.2rc5"
 # NOTE: Sync w/ src/otx/api/usecases/exportable_code/demo/requirements.txt on release
diff --git a/src/otx/api/usecases/exportable_code/demo/requirements.txt b/src/otx/api/usecases/exportable_code/demo/requirements.txt
index 449be47c3ed..c6a0e4f6396 100644
--- a/src/otx/api/usecases/exportable_code/demo/requirements.txt
+++ b/src/otx/api/usecases/exportable_code/demo/requirements.txt
@@ -1,4 +1,4 @@
 openvino==2023.0
 openvino-model-api==0.1.3
-otx==1.4.2rc4
+otx==1.4.2rc5
 numpy>=1.21.0,<=1.23.5  # np.bool was removed in 1.24.0 which was used in openvino runtime