diff --git a/CHANGES b/CHANGES
index 0bd82b4..f014c03 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,13 @@
+Heptagon 1.03.04 (24/05/2017)
+-----------------------------
+
+ - Bug correction in init analysis (bug #14076)
+ - Bug correction in causality analysis: contradictory dependencies
+   in states of automata were accepted, non schedulable equations generated
+ - optimization on several passes
+ - added -simple-scheduler option, triggering very simple, time-efficient
+   scheduling
+
 Heptagon 1.03.03 (14/03/2017)
 -----------------------------
 
diff --git a/Makefile-distrib b/Makefile-distrib
index 91a9640..24f07d9 100644
--- a/Makefile-distrib
+++ b/Makefile-distrib
@@ -2,7 +2,7 @@
 include config
 
 #version = $(shell date +"%d%m%y")
-version = 1.03.03
+version = 1.03.04
 osname=$(shell uname -s)
 hardware=$(shell uname -m)
 heptdir = heptagon-$(version)
diff --git a/compiler/utilities/global/compiler_options.ml b/compiler/utilities/global/compiler_options.ml
index a60c669..08b5c8c 100644
--- a/compiler/utilities/global/compiler_options.ml
+++ b/compiler/utilities/global/compiler_options.ml
@@ -32,7 +32,7 @@
 open Names
 
 (* version of the compiler *)
-let version = "1.03.03"
+let version = "1.03.04"
 let date = "DATE"
 
 (* standard module *)