diff --git a/README.md b/README.md
index 5e9112b..0d7b73c 100644
--- a/README.md
+++ b/README.md
@@ -6,7 +6,7 @@ A Liferay Spring Portlet MVC project template using Maven.
 * Liferay EE 6.2.10.4 (SP3)
 * Java 1.7
 * Portlet 2.0
-* Spring Framework 4.0.4
+* Spring Framework 4.0.6
 * Annotation-based controller configuration
 
 Usage
@@ -39,8 +39,8 @@ Default settings are Liferay EE 6.2.10.4, Java 1.7, Portlet 2.0, and Spring 4.0.
 		<servlet-api.version>2.5</servlet-api.version>
 		<jsp-api.version>2.2</jsp-api.version>
 		<jstl.version>1.2</jstl.version>
-		<org.springframework-version>4.0.4.RELEASE</org.springframework-version>
-		<org.aspectj-version>1.8.0</org.aspectj-version>
+		<org.springframework-version>4.0.6.RELEASE</org.springframework-version>
+		<org.aspectj-version>1.8.1</org.aspectj-version>
 		<org.slf4j-version>1.7.7</org.slf4j-version>
 	</properties>
 ```
diff --git a/pom.xml b/pom.xml
index b4a5b0a..f8151cd 100644
--- a/pom.xml
+++ b/pom.xml
@@ -6,7 +6,7 @@
 	<artifactId>liferay-spring-mvc-portlet</artifactId>
 	<packaging>war</packaging>
 	<name>Liferay Spring MVC Portlet</name>
-	<version>1.2-RELEASE</version>
+	<version>1.3-RELEASE</version>
 	
 	<prerequisites>
 		<maven>3.1.1</maven>
@@ -20,8 +20,8 @@
 		<servlet-api.version>2.5</servlet-api.version>
 		<jsp-api.version>2.2</jsp-api.version>
 		<jstl.version>1.2</jstl.version>
-		<org.springframework-version>4.0.4.RELEASE</org.springframework-version>
-		<org.aspectj-version>1.8.0</org.aspectj-version>
+		<org.springframework-version>4.0.6.RELEASE</org.springframework-version>
+		<org.aspectj-version>1.8.1</org.aspectj-version>
 		<org.slf4j-version>1.7.7</org.slf4j-version>
 	</properties>