diff --git a/CHANGELOG.md b/CHANGELOG.md
index 27fb84eb66e5..3300caceb042 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,23 @@
+
+
+# 16.0.0-rc.3 (2023-04-27)
+
+### @schematics/angular
+
+| Commit | Type | Description |
+| --------------------------------------------------------------------------------------------------- | ---- | -------------------------------------------------------------------- |
+| [b2ed7bd10](https://github.com/angular/angular-cli/commit/b2ed7bd100bfe77dca81c590b827870fd496075f) | fix | provide migration that disables build optimizer on dev server builds |
+
+### @angular-devkit/build-angular
+
+| Commit | Type | Description |
+| --------------------------------------------------------------------------------------------------- | ---- | ----------------------------------------------------------------- |
+| [e690b7cbd](https://github.com/angular/angular-cli/commit/e690b7cbde470b69b3c23fa9af1ecfca4c8e3a7e) | fix | always enable `looseEnums` build optimizer rule |
+| [f74151baa](https://github.com/angular/angular-cli/commit/f74151baab740df15a5cc80255d97d0320147b2a) | fix | exclude `@angular/platform-server/init` from unsafe optimizations |
+| [e1398d333](https://github.com/angular/angular-cli/commit/e1398d333e86b6caad8b5cfef7048fefd77a9e22) | perf | do not inline sourcemap when using vite dev-server |
+
+
+
# 16.0.0-rc.2 (2023-04-26)
diff --git a/package.json b/package.json
index 71f4e6994335..67433600ec1a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
{
"name": "@angular/devkit-repo",
- "version": "16.0.0-rc.2",
+ "version": "16.0.0-rc.3",
"private": true,
"description": "Software Development Kit for Angular",
"bin": {