diff --git a/CMakeLists.txt b/CMakeLists.txt
index 7434ac936..c4600efb2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -234,7 +234,7 @@ if (NOT USE_PRE_BUILT_NGRAPH)
     ExternalProject_Add(
         ext_ngraph
         GIT_REPOSITORY https://github.com/NervanaSystems/ngraph
-        GIT_TAG v0.20.0-rc.1
+        GIT_TAG v0.20.1-rc.3
         CMAKE_ARGS 
             -DNGRAPH_DISTRIBUTED_ENABLE=${NGRAPH_DISTRIBUTED_ENABLE}
             -DNGRAPH_INSTALL_PREFIX=${NGRAPH_ARTIFACTS_DIR}
diff --git a/bazel/WORKSPACE b/bazel/WORKSPACE
index 1295c26ac..d430f2a8b 100644
--- a/bazel/WORKSPACE
+++ b/bazel/WORKSPACE
@@ -25,11 +25,11 @@ tf_configure(
 http_archive(
     name = "ngraph",
     build_file = "//:bazel/ngraph.BUILD",
-    sha256 = "e3b448fb1329b8cf544b3eee2f82656e5b9d60f94fbdaa3448afd20475786a87",
-    strip_prefix = "ngraph-0.20.0-rc.0",
+    sha256 = "d2243bd04933558ee9a50aa4977b0ff7e7d7b18820d6ba47a52b212577c38e22",
+    strip_prefix = "ngraph-0.20.1-rc.3",
     urls = [
-        "https://mirror.bazel.build/github.com/NervanaSystems/ngraph/archive/v0.20.0-rc.0-rc.0.tar.gz",
-        "https://github.com/NervanaSystems/ngraph/archive/v0.20.0-rc.0.tar.gz"
+        "https://mirror.bazel.build/github.com/NervanaSystems/ngraph/archive/v0.20.1-rc.3.tar.gz",
+        "https://github.com/NervanaSystems/ngraph/archive/v0.20.1-rc.3.tar.gz"
     ],
 )
 
@@ -86,4 +86,4 @@ http_archive(
             "http://mirror.tensorflow.org/github.com/intel/mkl-dnn/releases/download/v0.18/mklml_lnx_2019.0.3.20190220.tgz",
             "https://github.com/intel/mkl-dnn/releases/download/v0.18/mklml_lnx_2019.0.3.20190220.tgz",
         ],
-    )
\ No newline at end of file
+    )
diff --git a/build_ngtf.py b/build_ngtf.py
index 603348b99..de305ece9 100755
--- a/build_ngtf.py
+++ b/build_ngtf.py
@@ -24,7 +24,7 @@ def main():
     '''
 
     # Component versions
-    ngraph_version = "v0.20.0-rc.1"
+    ngraph_version = "v0.20.1-rc.3"
     tf_version = "v1.14.0-rc0"
 
     # Command line parser options
diff --git a/python/setup.in.py b/python/setup.in.py
index 7a162d41d..3fcfc040a 100644
--- a/python/setup.in.py
+++ b/python/setup.in.py
@@ -59,7 +59,7 @@ def get_tag(self):
 
 setup( 
     name='ngraph_tensorflow_bridge',
-    version='0.15.0rc1',
+    version='0.15.0rc2',
     description='Intel nGraph compiler and runtime for TensorFlow',
     long_description=long_description,
     long_description_content_type="text/markdown",
diff --git a/src/version.cc b/src/version.cc
index 206b9b56a..78c12d343 100644
--- a/src/version.cc
+++ b/src/version.cc
@@ -30,7 +30,7 @@
 // candidate such as v0.7.0-rc0
 // The code in master will always have the last released version number
 // with a suffix of '-master'
-#define NG_TF_VERSION_SUFFIX "-rc1"
+#define NG_TF_VERSION_SUFFIX "-rc2"
 
 #define VERSION_STR_HELPER(x) #x
 #define VERSION_STR(x) VERSION_STR_HELPER(x)