diff --git a/findversion.sh b/findversion.sh
--- a/findversion.sh
+++ b/findversion.sh
@@ -112,6 +112,11 @@ elif [ -d "$ROOT_DIR/.hg" ]; then
 	HASH=`LC_ALL=C hg id -i | cut -c1-12`
 	REV="h`echo $HASH | cut -c1-8`"
 	BRANCH=`hg branch | sed 's@^default$@@'`
+	TAG=`hg id -t`
+	if [ -n "$TAG" ] && [ $TAG != "tip" ]; then
+		BRANCH=""
+		REV=$TAG
+	fi
 	REV_NR=`LC_ALL=C hg log -f -k "(svn r" -l 1 --template "{desc}\n" | head -n 1 | sed "s@.*(svn r\([0-9]*\)).*@\1@"`
 elif [ -f "$ROOT_DIR/.ottdrev" ]; then
 	# We are an exported source bundle