diff --git a/version.php b/version.php
index 8078775841206..b2a63a23b7964 100644
--- a/version.php
+++ b/version.php
@@ -30,10 +30,10 @@
 // between betas, final and RCs. This is _not_ the public version number. Reset minor/patchlevel
 // when updating major/minor version number.
 
-$OC_Version = [23, 0, 2, 2];
+$OC_Version = [23, 0, 3, 0];
 
 // The human readable string
-$OC_VersionString = '23.0.2';
+$OC_VersionString = '23.0.3 RC1';
 
 $OC_VersionCanBeUpgradedFrom = [
 	'nextcloud' => [