diff --git a/Makefile b/Makefile
index 92dab30..3abcdf1 100644
--- a/Makefile
+++ b/Makefile
@@ -11,7 +11,7 @@ INSTALL_DATA = $(INSTALL) -m 644
 
 .SUFFIXES:
 
-version := 0.2
+version := 0.3
 
 s48-interfaces := $(shell find s48 \
                     -maxdepth 2 -mindepth 2 \
diff --git a/NEWS b/NEWS
index 196662a..b4a45e8 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,5 @@
+version 0.3
+
 version 0.2 - 2003-02-25
 * Added INSTALL, README.admin, README.contrib.