diff --git a/angular_components/CHANGELOG.md b/angular_components/CHANGELOG.md
index 4cdef080..6416a551 100644
--- a/angular_components/CHANGELOG.md
+++ b/angular_components/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 1.0.3
+
+* Roll observable dependency.
+
 ## 1.0.2
 
 * Update a number of outdated links in documentation.
diff --git a/angular_components/pubspec.yaml b/angular_components/pubspec.yaml
index 321797b5..bf037f41 100644
--- a/angular_components/pubspec.yaml
+++ b/angular_components/pubspec.yaml
@@ -1,5 +1,5 @@
 name: angular_components
-version: 1.0.2
+version: 1.0.3
 description: >
   The official Material Design components for AngularDart. Used at Google in
   production apps.
@@ -21,7 +21,7 @@ dependencies:
   js: ^0.6.1
   logging: ^0.11.2
   meta: ^1.0.4
-  observable: ^0.22.2
+  observable: ^0.23.0
   protobuf: ^1.0.0
   quiver: ^2.0.0
   sass_builder: ^2.0.2