diff --git a/NEWS b/NEWS
index cbbf76a78c842add206e4ed73dc8dd07847c047d..f1852058928bc3d3952286c098ae7309067ad30b 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,15 @@
+Version 2.0.3
+  - Added β€œ--ignore-size” to the β€œgnt-instance activate-disks” command
+    to allow using the pre-2.0.2 behaviour in activation, if any
+    existing instances have mismatched disk sizes in the configuration
+  - Added β€œgnt-cluster repair-disk-sizes” command to check and update
+    any configuration mismatches for disk sizes
+  - Added β€œgnt-master cluste-failover --no-voting” to allow master
+    failover to work on two-node clusters
+  - Fixed the β€˜--net’ option of β€œgnt-backup import”, which was unusable
+  - Fixed detection of OS script errors in β€œgnt-backup export”
+  - Fixed exit code of β€œgnt-backup export”
+
 Version 2.0.2
   - Added experimental support for stripped logical volumes; this should
     enhance performance but comes with a higher complexity in the block
diff --git a/configure.ac b/configure.ac
index 12ba06df08c9a98d679eb62c99f6bb6c5bb2166b..6d3b906c1e6da552068b78fe9b05b01cd443ccb9 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 # Configure script for Ganeti
 m4_define([gnt_version_major], [2])
 m4_define([gnt_version_minor], [0])
-m4_define([gnt_version_revision], [2])
+m4_define([gnt_version_revision], [3])
 m4_define([gnt_version_suffix], [])
 m4_define([gnt_version_full],
           m4_format([%d.%d.%d%s],