diff --git a/CHANGES b/CHANGES
index 25762b2..6154e49 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,17 @@
+btpd-0.3:
+---------
+
+Misc:
+- New download strategy.
+- "-d" option added to btpd.
+- "--with-warn" option added to configure. The default is now
+  to compile with warnings off.
+
+Bug fixes:
+- It was possible for blocks to remain marked as busy when a peer
+  choked or was lost, causing a piece download to wait until end game.
+- The peer wanted level could get too high during end game.
+
 btpd 0.2:
 ---------
 
diff --git a/configure.ac b/configure.ac
index 4f651ec..8f6529f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,4 +1,4 @@
-AC_INIT(btpd, 0.2, btpd@murmeldjur.se)
+AC_INIT(btpd, 0.3, btpd@murmeldjur.se)
 
 AC_CANONICAL_TARGET