diff --git a/Makefile b/Makefile
index 70555d32bdf66..04da43aadc8a2 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 # Naming convention:
 #	for stable releases we use "1.0.0" format
 #   for pre-releases, we use   "1.0.0-beta.2" format
-VERSION=1.0.1-beta.1
+VERSION=1.0.3
 
 # These are standard autotools variables, don't change them please
 BUILDDIR ?= build
diff --git a/version.go b/version.go
index 5505ec4905f14..e747426ee0eba 100644
--- a/version.go
+++ b/version.go
@@ -2,7 +2,7 @@
 package teleport
 
 const (
-	Version = "1.0.1-beta.1"
+	Version = "1.0.3"
 )
 
 var Gitref string