diff --git a/Cargo.lock b/Cargo.lock
index 0ccacb0c973..a7a0efd46c5 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -8101,7 +8101,7 @@ dependencies = [
 
 [[package]]
 name = "spl-instruction-padding"
-version = "0.2.0"
+version = "0.3.0"
 dependencies = [
  "num_enum",
  "solana-account-info",
diff --git a/instruction-padding/program/Cargo.toml b/instruction-padding/program/Cargo.toml
index 166f85c3bd2..b30412155f9 100644
--- a/instruction-padding/program/Cargo.toml
+++ b/instruction-padding/program/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "spl-instruction-padding"
-version = "0.2.0"
+version = "0.3.0"
 description = "Solana Program Library Instruction Padding Program"
 authors = ["Solana Labs Maintainers <maintainers@solanalabs.com>"]
 repository = "https://github.com/solana-labs/solana-program-library"
diff --git a/token/program-2022-test/Cargo.toml b/token/program-2022-test/Cargo.toml
index b8fbc464dc0..43b460762fa 100644
--- a/token/program-2022-test/Cargo.toml
+++ b/token/program-2022-test/Cargo.toml
@@ -37,7 +37,7 @@ spl-token-2022 = { version = "5.0.2", path = "../program-2022", features = [
 ] }
 spl-token-confidential-transfer-proof-extraction = { version = "0.1.0", path = "../confidential-transfer/proof-extraction" }
 spl-token-confidential-transfer-proof-generation = { version = "0.1.0", path = "../confidential-transfer/proof-generation" }
-spl-instruction-padding = { version = "0.2.0", path = "../../instruction-padding/program", features = [
+spl-instruction-padding = { version = "0.3.0", path = "../../instruction-padding/program", features = [
   "no-entrypoint",
 ] }
 spl-tlv-account-resolution = { version = "0.8.1", path = "../../libraries/tlv-account-resolution" }