diff --git a/lib/rugged/version.rb b/lib/rugged/version.rb
index eb1478093..a0c793af5 100644
--- a/lib/rugged/version.rb
+++ b/lib/rugged/version.rb
@@ -4,5 +4,5 @@
 # For full terms see the included LICENSE file.
 
 module Rugged
-  Version = VERSION = '1.0.1'
+  Version = VERSION = '1.1.0'
 end
diff --git a/vendor/libgit2 b/vendor/libgit2
index 0ced29612..7f4fa1786 160000
--- a/vendor/libgit2
+++ b/vendor/libgit2
@@ -1 +1 @@
-Subproject commit 0ced29612dacb67eefe0c562a5c1d3aab21cce96
+Subproject commit 7f4fa178629d559c037a1f72f79f79af9c1ef8ce