diff --git a/configure.ac b/configure.ac
index 757dffd415..6c9e33e0bc 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ AC_PREREQ(2.60)
 dnl initialize autoconf
 dnl when going to/from release please set the nano (fourth number) right !
 dnl releases only do Wall, cvs and prerelease does Werror too
-AC_INIT(GStreamer Bad Plug-ins, 0.10.20.2,
+AC_INIT(GStreamer Bad Plug-ins, 0.10.20.3,
     http://bugzilla.gnome.org/enter_bug.cgi?product=GStreamer,
     gst-plugins-bad)
 
@@ -50,8 +50,8 @@ AC_LIBTOOL_WIN32_DLL
 AM_PROG_LIBTOOL
 
 dnl *** required versions of GStreamer stuff ***
-GST_REQ=0.10.31.2
-GSTPB_REQ=0.10.31.2
+GST_REQ=0.10.31.3
+GSTPB_REQ=0.10.31.3
 
 dnl *** autotools stuff ****
 
diff --git a/win32/common/config.h b/win32/common/config.h
index c9ac11fc4d..b1e9cae950 100644
--- a/win32/common/config.h
+++ b/win32/common/config.h
@@ -199,7 +199,7 @@
 #undef USE_POISONING
 
 /* Version number of package */
-#define VERSION "0.10.20.2"
+#define VERSION "0.10.20.3"
 
 /* Define to 1 if your processor stores words with the most significant byte
    first (like Motorola and SPARC, unlike Intel and VAX). */