diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 7606ce745a95..9cd4c7e6cd40 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,11 +1,23 @@
 Changelog
 =========
 
+.. _v38-0-3:
+
+38.0.3 - 2022-11-01
+~~~~~~~~~~~~~~~~~~~
+
+* Updated Windows, macOS, and Linux wheels to be compiled with OpenSSL 3.0.7,
+  which resolves *CVE-2022-3602* and *CVE-2022-3786*.
+
 .. _v38-0-2:
 
 38.0.2 - 2022-10-11
 ~~~~~~~~~~~~~~~~~~~
 
+.. attention::
+
+    This release was subsequently yanked from PyPI due to a regression in OpenSSL.
+
 * Updated Windows, macOS, and Linux wheels to be compiled with OpenSSL 3.0.6.
 
 .. _v38-0-1:
diff --git a/src/cryptography/__about__.py b/src/cryptography/__about__.py
index 1fe833a9c583..15425c916bf0 100644
--- a/src/cryptography/__about__.py
+++ b/src/cryptography/__about__.py
@@ -9,7 +9,7 @@
     "__copyright__",
 ]
 
-__version__ = "38.0.2"
+__version__ = "38.0.3"
 
 __author__ = "The Python Cryptographic Authority and individual contributors"
 __copyright__ = "Copyright 2013-2022 {}".format(__author__)
diff --git a/vectors/cryptography_vectors/__about__.py b/vectors/cryptography_vectors/__about__.py
index b95c0084f254..72ae92bc835c 100644
--- a/vectors/cryptography_vectors/__about__.py
+++ b/vectors/cryptography_vectors/__about__.py
@@ -6,4 +6,4 @@
     "__version__",
 ]
 
-__version__ = "38.0.2"
+__version__ = "38.0.3"