diff --git a/KNOWN_BUGS b/KNOWN_BUGS
index 3571b1aadb0..dec8e2708e3 100644
--- a/KNOWN_BUGS
+++ b/KNOWN_BUGS
@@ -1,4 +1,4 @@
-Known bugs in ResidualVM 0.2.0:
+Known bugs in ResidualVM 0.3.0git:
 * Running fullscreen in widescreen monitors will stretch the image
 * Switching full-screen/windowed with alt-enter might crash ResidualVM
 * Characters might pop into place at times
diff --git a/NEWS b/NEWS
index 9be53b3ec4a..7028a49c127 100644
--- a/NEWS
+++ b/NEWS
@@ -1,5 +1,9 @@
 
-0.2.0 (2014-XX-XX)
+0.3.0 (2015-XX-XX)
+
+ - ...
+
+0.2.0 (2014-12-XX)
 
  - ...
 
diff --git a/base/internal_version.h b/base/internal_version.h
index e206ce3ef07..0fcaaf3bc48 100644
--- a/base/internal_version.h
+++ b/base/internal_version.h
@@ -16,4 +16,4 @@
 #define SCUMMVM_REVISION
 #endif
 
-#define SCUMMVM_VERSION "0.2.0git" SCUMMVM_REVISION
+#define SCUMMVM_VERSION "0.3.0git" SCUMMVM_REVISION
diff --git a/dists/android/AndroidManifest.xml b/dists/android/AndroidManifest.xml
index d9867c8906a..978a416dbb5 100644
--- a/dists/android/AndroidManifest.xml
+++ b/dists/android/AndroidManifest.xml
@@ -4,7 +4,7 @@
 <manifest xmlns:android="http://schemas.android.com/apk/res/android"
 		package="org.residualvm.residualvm"
 		android:versionCode="1000"
-		android:versionName="0.2.0git"
+		android:versionName="0.3.0git"
 		android:sharedUserId="org.residualvm.residualvm">
 
 	<uses-sdk android:minSdkVersion="12"
diff --git a/dists/debian/changelog b/dists/debian/changelog
index f0306439565..05599f47368 100644
--- a/dists/debian/changelog
+++ b/dists/debian/changelog
@@ -1,4 +1,4 @@
-residualvm (0.2.0~git-1) unstable; urgency=low
+residualvm (0.3.0~git-1) unstable; urgency=low
 
   * Daily snapshot build.
 
diff --git a/dists/irix/residualvm.spec b/dists/irix/residualvm.spec
index 8dab29c026d..6aa13af26c2 100644
--- a/dists/irix/residualvm.spec
+++ b/dists/irix/residualvm.spec
@@ -1,5 +1,5 @@
 product residualvm
-    id "ResidualVM 0.2.0git"
+    id "ResidualVM 0.3.0git"
     image sw
         id "software"
         version 18
diff --git a/dists/macosx/Info.plist b/dists/macosx/Info.plist
index 7088c5b3409..5598ecec045 100644
--- a/dists/macosx/Info.plist
+++ b/dists/macosx/Info.plist
@@ -9,7 +9,7 @@
 	<key>CFBundleExecutable</key>
 	<string>residualvm</string>
 	<key>CFBundleGetInfoString</key>
-	<string>0.2.0git, Copyright 2003-2014 The ResidualVM Team</string>
+	<string>0.3.0git, Copyright 2003-2014 The ResidualVM Team</string>
 	<key>CFBundleIconFile</key>
 	<string>residualvm.icns</string>
 	<key>CFBundleIdentifier</key>
@@ -21,9 +21,9 @@
 	<key>CFBundlePackageType</key>
 	<string>APPL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>0.2.0git</string>
+	<string>0.3.0git</string>
 	<key>CFBundleVersion</key>
-	<string>0.2.0git</string>
+	<string>0.3.0git</string>
 	<key>NSPrincipalClass</key>
 	<string>NSApplication</string>
 	<key>NSHumanReadableCopyright</key>
diff --git a/dists/redhat/residualvm.spec b/dists/redhat/residualvm.spec
index c5deb91f288..447f8d4379b 100644
--- a/dists/redhat/residualvm.spec
+++ b/dists/redhat/residualvm.spec
@@ -7,7 +7,7 @@
 #   Prologue information
 #------------------------------------------------------------------------------
 Name		: residualvm
-Version		: 0.2.0git
+Version		: 0.3.0git
 Release		: 1
 Summary		: Interpreter for several 3D games
 Group		: Amusements/Games
diff --git a/dists/residualvm.rc b/dists/residualvm.rc
index ebc56a82f8a..1d99cd3e86f 100644
--- a/dists/residualvm.rc
+++ b/dists/residualvm.rc
@@ -19,8 +19,8 @@ translations.dat       FILE    "gui/themes/translations.dat"
 #endif
 
 VS_VERSION_INFO VERSIONINFO
- FILEVERSION     0,2,0,0
- PRODUCTVERSION  0,2,0,0
+ FILEVERSION     0,3,0,0
+ PRODUCTVERSION  0,3,0,0
  FILEFLAGSMASK   VS_FFI_FILEFLAGSMASK
 #ifdef _DEBUG
  FILEFLAGS       VS_FF_DEBUG
@@ -37,12 +37,12 @@ BEGIN
         BEGIN
             VALUE "Comments", "\0"
             VALUE "FileDescription", "http://www.residualvm.org/\0"
-            VALUE "FileVersion", "0.2.0git\0"
+            VALUE "FileVersion", "0.3.0git\0"
             VALUE "InternalName", "residualvm\0"
             VALUE "LegalCopyright", "Copyrights information are in AUTHORS file\0"
             VALUE "OriginalFilename", "residualvm.exe\0"
             VALUE "ProductName", "ResidualVM\0"
-            VALUE "ProductVersion", "0.2.0git\0"
+            VALUE "ProductVersion", "0.3.0git\0"
         END
     END
 
diff --git a/dists/slackware/residualvm.SlackBuild b/dists/slackware/residualvm.SlackBuild
index 6b1ca23c962..009420a3b3b 100755
--- a/dists/slackware/residualvm.SlackBuild
+++ b/dists/slackware/residualvm.SlackBuild
@@ -9,7 +9,7 @@ if [ "$TMP" = "" ]; then
 fi
 PKG=$TMP/package-residualvm
 
-VERSION=0.2.0git
+VERSION=0.3.0git
 ARCH=i486
 BUILD=1