I can't complete OwnCloud installation.

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I have installed an instance of OwnCloud but when I go to the link where it should appear, the system gives me this message:

This version of ownCloud requires at least PHP 5.4.0
You are currently running 5.3.29. Please update your PHP version.

Could anyone help me with this?
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Arn
Hello Parlox, Sorry for the problem with installing OwnCloud. The easiest way to fix this is to simply login to the cPanel and then change the PHP version. Here's a tutorial that will step you through how to make that change. I hope this helps to answer your question, please let us know if you require any further assistance. Regards, Arnel C.