diff --git a/react-native-cli/index.js b/react-native-cli/index.js
index ed9803adb..a3676c379 100755
--- a/react-native-cli/index.js
+++ b/react-native-cli/index.js
@@ -221,8 +221,12 @@ function checkNodeVersion() {
 
 function checkForVersionArgument() {
   if (process.argv.indexOf('-v') >= 0 || process.argv.indexOf('--version') >= 0) {
-    var pjson = require('./package.json');
-    console.log(pjson.version);
+    console.log('react-native-cli: ' + require('./package.json').version);
+    try {
+      console.log('react-native: ' + require(REACT_NATIVE_PACKAGE_JSON_PATH()).version);
+    } catch (e) {
+      console.log('react-native: n/a - not inside a React Native project directory')
+    }
     process.exit();
   }
 }