diff --git a/Changelog.rst b/Changelog.rst
index 273e59aa..309ba5ca 100644
--- a/Changelog.rst
+++ b/Changelog.rst
@@ -3,6 +3,11 @@
 Changelog
 =========
 
+5.3.0 (2017-03-30)
+------------------
+
+Compatibility with elasticsearch 5.3
+
 5.2.0 (2017-02-12)
 ------------------
 
diff --git a/elasticsearch/__init__.py b/elasticsearch/__init__.py
index 90386a77..b2d32f1b 100644
--- a/elasticsearch/__init__.py
+++ b/elasticsearch/__init__.py
@@ -1,6 +1,6 @@
 from __future__ import absolute_import
 
-VERSION = (5, 2, 0)
+VERSION = (5, 3, 0)
 __version__ = VERSION
 __versionstr__ = '.'.join(map(str, VERSION))
 
diff --git a/setup.py b/setup.py
index 77a54613..c2a1a756 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@ from os.path import join, dirname
 from setuptools import setup, find_packages
 import sys
 
-VERSION = (5, 2, 0)
+VERSION = (5, 3, 0)
 __version__ = VERSION
 __versionstr__ = '.'.join(map(str, VERSION))