There is no v4.5 shown in the gui, and typically you don't need to manually specify v4.5 since it's an in-place update. However, you can set it explicitly with appcmd like this:
appcmd set apppool /apppool.name: [App Pool Name] /managedRuntimeVersion:v4.5
Appcmd is located in %windir%\System32\inetsrv
. This helped me to fix an issue with Web Deploy, where it was throwing an ERROR_APPPOOL_VERSION_MISMATCH error after upgrading from v4.0 to v4.5.