diff --git a/NEWS.rst b/NEWS.rst
index 0a88a8a8c..c1b1f9601 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,33 @@
+Libblockdev 3.0.3
+------------------
+
+New bugfix release of the libblockdev library with multiple fixes. See below
+for details.
+
+**Full list of changes**
+
+Marius Vollmer (1):
+
+- Always use "--fs ignore" with lvresize
+
+Michael Biebl (1):
+
+- tests: Specificy required versions when importing GLib and BlockDev
+  introspection
+
+Tomas Bzatek (3):
+
+- nvme: Use interim buffer for nvme_get_log_sanitize()
+- nvme: Generate HostID when missing
+- tests: Minor NVMe HostNQN fixes
+
+Vojtech Trefny (4):
+
+- tests: Replace deprecated unittest assert calls
+- fs: Fix leaking directories with temporary mounts
+- fs: Fix memory leak
+- crypto: Correctly convert passphrases from Python to C
+
 Libblockdev 3.0.2
 ------------------
 
diff --git a/configure.ac b/configure.ac
index 38d024b67..e0dea02aa 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 # configure.ac for libblockdev
 
-AC_INIT([libblockdev], [3.0.2], [], [], [https://github.com/storaged-project/libblockdev])
+AC_INIT([libblockdev], [3.0.3], [], [], [https://github.com/storaged-project/libblockdev])
 
 # Disable building static libraries.
 # This needs to be set before initializing automake
diff --git a/dist/libblockdev.spec.in b/dist/libblockdev.spec.in
index a325fafa4..9d9d8842a 100644
--- a/dist/libblockdev.spec.in
+++ b/dist/libblockdev.spec.in
@@ -77,7 +77,7 @@
 %define configure_opts %{?python3_copts} %{?lvm_dbus_copts} %{?btrfs_copts} %{?crypto_copts} %{?dm_copts} %{?loop_copts} %{?lvm_copts} %{?lvm_dbus_copts} %{?mdraid_copts} %{?mpath_copts} %{?swap_copts} %{?part_copts} %{?fs_copts} %{?nvdimm_copts} %{?tools_copts} %{?gi_copts} %{?nvme_copts}
 
 Name:        libblockdev
-Version:     3.0.2
+Version:     3.0.3
 Release:     1%{?dist}
 Summary:     A library for low-level manipulation with block devices
 License:     LGPL-2.1-or-later
@@ -845,6 +845,17 @@ find %{buildroot} -type f -name "*.la" | xargs %{__rm}
 %files plugins-all
 
 %changelog
+* Thu Aug 31 2023 Vojtech Trefny <vtrefny@redhat.com> - 3.0.3-1
+- crypto: Correctly convert passphrases from Python to C (vtrefny)
+- tests: Minor NVMe HostNQN fixes (tbzatek)
+- nvme: Generate HostID when missing (tbzatek)
+- Always use "--fs ignore" with lvresize (mvollmer)
+- nvme: Use interim buffer for nvme_get_log_sanitize() (tbzatek)
+- fs: Fix memory leak (vtrefny)
+- fs: Fix leaking directories with temporary mounts (vtrefny)
+- tests: Specificy required versions when importing GLib and BlockDev introspection (biebl)
+- tests: Replace deprecated unittest assert calls (vtrefny)
+
 * Thu Jul 20 2023 Vojtech Trefny <vtrefny@redhat.com> - 3.0.2-1
 - fs: Avoid excess logging in extract_e2fsck_progress (vtrefny)
 - loop: Report BD_LOOP_ERROR_DEVICE on empty loop devices (tbzatek)