diff --git a/README b/README
index df9de9d..1460a82 100644
--- a/README
+++ b/README
@@ -7,16 +7,19 @@ your Qt applications. It makes heavy use of the QMetaObject system and thus requ
 
 Licensing of PythonQt
 ---------------------
-PythonQt is distributed under the LGPL license.
+PythonQt is distributed under the LGPL 2.1 license.
 
 Licensing of Generator
 ----------------------
-The build system of PythonQt makes use of a patched version of the GPL'ed QtScript generator,
+The build system of PythonQt makes use of a patched version of the LGPL'ed QtScript generator,
 located in the "generator" directory.
 
-See http://labs.trolltech.com/page/Projects/QtScript/Generator for details of the original project.
+See the LICENSE.LGPL file in the generator subdirectory for details.
+Copyright (C) 2009 Nokia Corporation and/or its subsidiary(-ies)
+
+See http://qt.gitorious.org/qt-labs/qtscriptgenerator for the original project.
+The PythonQt wrappers generated by the generator are distributed under the LGPL as well.
 
-The PythonQt wrappers generated by the generator are distributed under the LGPL, they are not restriced by the GPL.
 
 The generated wrappers are pre-generated and checked-in for Qt 4.4.3, so you only need to build and run the
 generator when you want to build additional wrappers or you want to upgrade/downgrade to an newer Qt version.