diff --git a/VERSION b/VERSION
index 4c3f9a141b4..de371ba1560 100644
--- a/VERSION
+++ b/VERSION
@@ -1,4 +1,4 @@
 MYSQL_VERSION_MAJOR=12
 MYSQL_VERSION_MINOR=3
-MYSQL_VERSION_PATCH=2
+MYSQL_VERSION_PATCH=3
 SERVER_MATURITY=stable