diff --git a/ResInsightVersion.cmake b/ResInsightVersion.cmake
index 8ae5f5159e..c4ddfd806e 100644
--- a/ResInsightVersion.cmake
+++ b/ResInsightVersion.cmake
@@ -5,7 +5,7 @@ set(RESINSIGHT_PATCH_VERSION 2)
 
 # Opional text with no restrictions
 #set(RESINSIGHT_VERSION_TEXT "-dev")
-set(RESINSIGHT_VERSION_TEXT "-RC-02")
+set(RESINSIGHT_VERSION_TEXT "-RC-03")
 
 # Optional text
 # Must be unique and increasing within one combination of major/minor/patch version