diff --git a/CMakeLists.txt b/CMakeLists.txt
index 91137486..afe604c3 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -22,7 +22,7 @@ project(HPCombi)
 set(DESCRIPTION  "High Performance Combinatorics in C++ using vector instructions" CACHE STRING "Project description.")
 set(VERSION_MAJOR   0   CACHE STRING "Project major version number.")
 set(VERSION_MINOR   0   CACHE STRING "Project minor version number.")
-set(VERSION_PATCH   2   CACHE STRING "Project patch version number.")
+set(VERSION_PATCH   3   CACHE STRING "Project patch version number.")
 mark_as_advanced(VERSION_MAJOR VERSION_MINOR VERSION_PATCH)
 
 message(STATUS "**** Build type = ${CMAKE_BUILD_TYPE}")
diff --git a/VERSION b/VERSION
new file mode 100644
index 00000000..bcab45af
--- /dev/null
+++ b/VERSION
@@ -0,0 +1 @@
+0.0.3