diff --git a/repoman/RELEASE-NOTES b/repoman/RELEASE-NOTES
index a09845b..df34803 100644
--- a/repoman/RELEASE-NOTES
+++ b/repoman/RELEASE-NOTES
@@ -1,6 +1,12 @@
 Release Notes; upgrade information mainly.
 Features/major bugfixes are listed in NEWS
 
+repoman-3.0.3
+==================================
+* Bug Fixes:
+    - Bug 608664 variable.phase check like pkgcheck VariableScopeCheck
+    - Bug 692486 Change message for preserve_old_lib
+
 repoman-3.0.2
 ==================================
 * Bug Fixes:
diff --git a/repoman/setup.py b/repoman/setup.py
index a405e78..e99189d 100755
--- a/repoman/setup.py
+++ b/repoman/setup.py
@@ -448,7 +448,7 @@
 
 setup(
 	name = 'repoman',
-	version = '3.0.2',
+	version = '3.0.3',
 	url = 'https://wiki.gentoo.org/wiki/Project:Portage',
 	author = 'Gentoo Portage Development Team',
 	author_email = 'dev-portage@gentoo.org',