diff --git a/version.php b/version.php
index 20cc8c9725f0..dc159b2e7676 100644
--- a/version.php
+++ b/version.php
@@ -3,10 +3,10 @@
 // We only can count up. The 4. digit is only for the internal patchlevel to trigger DB upgrades
 // between betas, final and RCs. This is _not_ the public version number. Reset minor/patchlevel
 // when updating major/minor version number.
-$OC_Version=array(7, 0, 3, 1);
+$OC_Version=array(7, 0, 3, 2);
 
 // The human readable string
-$OC_VersionString='7.0.3 RC2';
+$OC_VersionString='7.0.3 RC3';
 
 // The ownCloud edition
 $OC_Edition='';