diff --git a/Makefile b/Makefile
index f2d27061e5f7..1a132ea43ca5 100644
--- a/Makefile
+++ b/Makefile
@@ -1,7 +1,7 @@
 VERSION = 4
-PATCHLEVEL = 2
+PATCHLEVEL = 3
 SUBLEVEL = 0
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME = Hurr durr I'ma sheep
 
 # *DOCUMENTATION*