diff --git a/exporter/otlp/CHANGELOG.md b/exporter/otlp/CHANGELOG.md
index fd5b0c036..39fc8c12a 100644
--- a/exporter/otlp/CHANGELOG.md
+++ b/exporter/otlp/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-exporter-otlp
 
+### v0.21.3 / 2022-05-12
+
+* (No significant changes)
+
 ### v0.21.2 / 2022-01-19
 
 * FIXED: Default scheme for OTLP endpoint 
diff --git a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
index ba976562e..b59f4700e 100644
--- a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
+++ b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
@@ -8,7 +8,7 @@ module OpenTelemetry
   module Exporter
     module OTLP
       ## Current OpenTelemetry OTLP exporter version
-      VERSION = '0.21.2'
+      VERSION = '0.21.3'
     end
   end
 end