diff --git a/NEWS b/NEWS
index 8e2e1e0a..d605b62a 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,11 @@
+Major changes in 0.7.3:
+=======================
+* Suport building with (and requires) libcacard-0.1.2
+* Fixes for building with gcc-4.6
+* Server: Drop unnecessary X11 and alsa requires from spice-server.pc
+* Client: fix minor for old migration support
+* Client: Remove spice-client watermark (rhbz#662450)
+
 Major changes in 0.7.2:
 =======================
 * cmd-line-parser: fix wrong reporting of bad argument in --bla=val case
diff --git a/configure.ac b/configure.ac
index eef20a5d..31293f09 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,7 +2,7 @@ AC_PREREQ([2.57])
 
 m4_define([SPICE_MAJOR], 0)
 m4_define([SPICE_MINOR], 7)
-m4_define([SPICE_MICRO], 2)
+m4_define([SPICE_MICRO], 3)
 
 AC_INIT(spice, [SPICE_MAJOR.SPICE_MINOR.SPICE_MICRO], [], spice)
 
diff --git a/server/spice.h b/server/spice.h
index 7265c0f9..9335e841 100644
--- a/server/spice.h
+++ b/server/spice.h
@@ -21,7 +21,7 @@
 #include <stdint.h>
 #include <sys/socket.h>
 
-#define SPICE_SERVER_VERSION 0x000702 /* release 0.7.2 */
+#define SPICE_SERVER_VERSION 0x000703 /* release 0.7.3 */
 
 /* interface base type */