diff --git a/lib/redmine/version.rb b/lib/redmine/version.rb
index 86706d9f3..344aeda37 100644
--- a/lib/redmine/version.rb
+++ b/lib/redmine/version.rb
@@ -3,8 +3,8 @@ require 'rexml/document'
 module Redmine
   module VERSION #:nodoc:
     MAJOR = 1
-    MINOR = 2
-    TINY  = 2
+    MINOR = 3
+    TINY  = 0
 
     # Branch values:
     # * official release: nil