diff --git a/icu4j/build.properties b/icu4j/build.properties
index af561adab80..8381bb979f4 100644
--- a/icu4j/build.properties
+++ b/icu4j/build.properties
@@ -4,6 +4,6 @@
 #*******************************************************************************
 api.report.version = 50
 api.report.prev.version = 49
-release.file.ver = 50rc
-api.doc.version = 50 Release Candidate
+release.file.ver = 50_1
+api.doc.version = 50
 
diff --git a/icu4j/pom.xml b/icu4j/pom.xml
index 9f53157ff0b..e62b29eba8d 100644
--- a/icu4j/pom.xml
+++ b/icu4j/pom.xml
@@ -11,7 +11,7 @@
 
   <groupId>com.ibm.icu</groupId>
   <artifactId>icu4j</artifactId>
-  <version>50-SNAPSHOT</version>
+  <version>50.1</version>
 
   <name>ICU4J</name>
   <description>