diff --git a/NEWS b/NEWS
index da929744403f1954d20a921735f5b233214083cd..749b3def7fafbfe5f8a8d2d493ac01cd5eade512 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,22 @@
 News
 ====
 
+Version 2.4.0 rc3
+-----------------
+
+*(Released Mon, 28 Feb 2011)*
+
+A critical fix for the ``prealloc_wipe_disks`` feature: it is possible
+that this feature wiped the disks of the wrong instance, leading to loss
+of data.
+
+Other changes:
+
+- fixed title of query field containing instance name
+- expanded the glossary in the documentation
+- fixed one unittest (internal issue)
+
+
 Version 2.4.0 rc2
 -----------------
 
diff --git a/configure.ac b/configure.ac
index de6642b8d66bd137ec417c2a6551091c7098d245..078aee1908c9b698cf875b55ff08f27f84c1ad5f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,7 +2,7 @@
 m4_define([gnt_version_major], [2])
 m4_define([gnt_version_minor], [4])
 m4_define([gnt_version_revision], [0])
-m4_define([gnt_version_suffix], [~rc2])
+m4_define([gnt_version_suffix], [~rc3])
 m4_define([gnt_version_full],
           m4_format([%d.%d.%d%s],
                     gnt_version_major, gnt_version_minor,