diff --git a/Makefile-distrib b/Makefile-distrib
index b11f716..71d0eb3 100644
--- a/Makefile-distrib
+++ b/Makefile-distrib
@@ -2,7 +2,7 @@
 include config
 
 #version = $(shell date +"%d%m%y")
-version = 1.02.00
+version = 1.03.00
 osname=$(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 8a345b5..1806c80 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 = "1.02.00"
+let version = "1.03.00"
 let date = "DATE"
 
 (* standard module *)