diff --git a/Makefile b/Makefile
index 2462a96..11c7a07 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 PACKAGE = openclass
-VERSION = 0.2
+VERSION = 0.3
 
 version:
 	echo "version='$(VERSION)'" > version.py
diff --git a/NEWS b/NEWS
index 01cdf3a..0ae21bc 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,4 @@
+0.3:
  - simplify win32 packaging
  - new icons
  - implement event logging