diff --git a/CMakeLists.txt b/CMakeLists.txt
index fc68f3af..3616ae8e 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -7,6 +7,7 @@ project(armnn)
 
 set(additional_cmake_files)
 list(APPEND additional_cmake_files
+    cmake/armnnVersion.cmake
     cmake/Utils.cmake
     cmake/GlobalConfig.cmake
     cmake/AddDllCopyCommands.cmake)
@@ -15,6 +16,21 @@ foreach(cmake_file ${additional_cmake_files})
     include(${cmake_file})
 endforeach()
 
+
+# Define LIB version
+set(GENERIC_LIB_VERSION "${ARMNN_MAJOR_VERSION}.${ARMNN_MINOR_VERSION}")
+# Define LIB soversion
+set(GENERIC_LIB_SOVERSION "${ARMNN_MAJOR_VERSION}")
+# Define _ARMNN_VERSION string to be used in include/armnn/Version.hpp for ARMNN_VERSION string
+set(_ARMNN_VERSION
+    "20${ARMNN_MAJOR_VERSION}${ARMNN_MINOR_VERSION}${ARMNN_BUILD_VERSION}")
+if(${CMAKE_VERSION} VERSION_LESS "3.12.0")
+    add_definitions(-D_ARMNN_VERSION=${_ARMNN_VERSION})
+else()
+    add_compile_definitions(_ARMNN_VERSION=${_ARMNN_VERSION})
+endif()
+
+
 if (DYNAMIC_BACKEND_PATHS)
     # It's expected to have the format: DYNAMIC_BACKEND_PATHS="PATH_1:PATH_2...:PATH_N"
     add_definitions('-DDYNAMIC_BACKEND_PATHS="${DYNAMIC_BACKEND_PATHS}"')
@@ -95,6 +111,7 @@ if(BUILD_CAFFE_PARSER)
 
     target_link_libraries(armnnCaffeParser armnn)
     target_link_libraries(armnnCaffeParser ${PROTOBUF_LIBRARIES})
+    set_target_properties(armnnCaffeParser PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
 
 endif()
 
@@ -119,6 +136,7 @@ if(BUILD_ONNX_PARSER)
 
     # Protobuf
     target_link_libraries(armnnOnnxParser ${PROTOBUF_LIBRARIES})
+    set_target_properties(armnnOnnxParser PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
 endif()
 
 if(BUILD_TF_PARSER)
@@ -142,6 +160,7 @@ if(BUILD_TF_PARSER)
 
     # Protobuf (use the specific version tensorflow wants)
     target_link_libraries(armnnTfParser ${PROTOBUF_LIBRARIES})
+    set_target_properties(armnnTfParser PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
 endif()
 
 if(BUILD_ARMNN_QUANTIZER AND ARMNNREF)
@@ -200,6 +219,8 @@ if(BUILD_ARMNN_QUANTIZER AND ARMNNREF)
         target_link_libraries(ArmnnQuantizer pthread)
     endif()
 
+    set_target_properties(ArmnnQuantizer PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
+
 endif()
 
 
@@ -539,6 +560,7 @@ endif()
 if(PROFILING_BACKEND_STREAMLINE)
     target_link_libraries(armnn pthread)
 endif()
+set_target_properties( armnn PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
 
 if(BUILD_UNIT_TESTS)
     set(unittest_sources)
diff --git a/cmake/armnnVersion.cmake b/cmake/armnnVersion.cmake
new file mode 100644
index 00000000..68783370
--- /dev/null
+++ b/cmake/armnnVersion.cmake
@@ -0,0 +1,4 @@
+# ArmNN version number components.
+set(ARMNN_MAJOR_VERSION 19)
+set(ARMNN_MINOR_VERSION 08)
+set(ARMNN_BUILD_VERSION 00)
diff --git a/include/armnn/Version.hpp b/include/armnn/Version.hpp
index 9d73cd54..735be6b9 100644
--- a/include/armnn/Version.hpp
+++ b/include/armnn/Version.hpp
@@ -9,4 +9,5 @@
 //   YYYY = 4-digit year number
 //   MM   = 2-digit month number
 //   PP   = 2-digit patch number
-#define ARMNN_VERSION "20190800"
+// Defined in CMakeLists.txt
+#define ARMNN_VERSION _ARMNN_VERSION
diff --git a/src/armnnSerializer/CMakeLists.txt b/src/armnnSerializer/CMakeLists.txt
index 225999bb..ccc924e6 100755
--- a/src/armnnSerializer/CMakeLists.txt
+++ b/src/armnnSerializer/CMakeLists.txt
@@ -43,4 +43,5 @@ if(BUILD_ARMNN_SERIALIZER)
 
     install(TARGETS armnnSerializer
             LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR})
+    set_target_properties(armnnSerializer PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
 endif()
diff --git a/src/armnnTfLiteParser/CMakeLists.txt b/src/armnnTfLiteParser/CMakeLists.txt
index 17d4cf68..ae60079a 100755
--- a/src/armnnTfLiteParser/CMakeLists.txt
+++ b/src/armnnTfLiteParser/CMakeLists.txt
@@ -21,6 +21,8 @@ if(BUILD_TF_LITE_PARSER)
     target_link_libraries(armnnTfLiteParser ${Boost_FILESYSTEM_LIBRARY} ${Boost_THREAD_LIBRARY})
     target_link_libraries(armnnTfLiteParser armnn ${FLATBUFFERS_LIBRARY})
 
+    set_target_properties(armnnTfLiteParser PROPERTIES VERSION ${GENERIC_LIB_VERSION} SOVERSION ${GENERIC_LIB_SOVERSION} )
+
     install(TARGETS armnnTfLiteParser
             LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR}
             RUNTIME DESTINATION ${CMAKE_INSTALL_BINDIR})