diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9021440dd..bdd123fb7 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -752,8 +752,8 @@ if(NOT ARMADILLO_FOUND)
          set(armadillo_MD5 "8116185e1d7391eed3bf6c500f81b4d8")
          set(ARMA_FILE_EXTENSION "gz")
      else(CMAKE_VERSION VERSION_LESS 3.1)
-         set(armadillo_RELEASE 7.500.0)
-         set(armadillo_MD5 "7d316fdf3c3c7ea92b64704180ae315d")
+         set(armadillo_RELEASE 7.500.2)
+         set(armadillo_MD5 "c7dc07d6d2d9f92432cf06d44b6508b2")
          set(ARMA_FILE_EXTENSION "xz")
      endif(CMAKE_VERSION VERSION_LESS 3.1)
 
diff --git a/README.md b/README.md
index 63bd0f32b..5cd3dd432 100644
--- a/README.md
+++ b/README.md
@@ -128,9 +128,9 @@ or manually as explained below, and then please follow instructions on how to [d
 $ sudo apt-get install libopenblas-dev liblapack-dev   # For Debian/Ubuntu/LinuxMint
 $ sudo yum install lapack-devel blas-devel             # For Fedora/CentOS/RHEL
 $ sudo zypper install lapack-devel blas-devel          # For OpenSUSE
-$ wget http://sourceforge.net/projects/arma/files/armadillo-7.500.0.tar.xz
-$ tar xvfz armadillo-7.500.0.tar.xz
-$ cd armadillo-7.500.0
+$ wget http://sourceforge.net/projects/arma/files/armadillo-7.500.2.tar.xz
+$ tar xvfz armadillo-7.500.2.tar.xz
+$ cd armadillo-7.500.2
 $ cmake .
 $ make
 $ sudo make install