diff --git a/CMakeLists.txt b/CMakeLists.txt
index d6e0d5efe61..938dd9e48d0 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -10,7 +10,7 @@ endif()
 project(Caffe C CXX)
 
 # ---[ Caffe version
-set(CAFFE_TARGET_VERSION "0.16.2")
+set(CAFFE_TARGET_VERSION "0.16.3")
 set(CAFFE_TARGET_SOVERSION "0.16")
 add_definitions(-DCAFFE_VERSION=${CAFFE_TARGET_VERSION})
 
diff --git a/Makefile b/Makefile
index 01a347feb2f..e38e7cd426c 100644
--- a/Makefile
+++ b/Makefile
@@ -36,7 +36,7 @@ LIB_BUILD_DIR := $(BUILD_DIR)/lib
 STATIC_NAME := $(LIB_BUILD_DIR)/lib$(LIBRARY_NAME).a
 DYNAMIC_VERSION_MAJOR 		:= 0
 DYNAMIC_VERSION_MINOR 		:= 16
-DYNAMIC_VERSION_REVISION 	:= 2
+DYNAMIC_VERSION_REVISION 	:= 3
 DYNAMIC_NAME_SHORT := lib$(LIBRARY_NAME).so
 DYNAMIC_SONAME_SHORT := $(DYNAMIC_NAME_SHORT).$(DYNAMIC_VERSION_MAJOR).$(DYNAMIC_VERSION_MINOR)
 DYNAMIC_VERSIONED_NAME_SHORT := $(DYNAMIC_SONAME_SHORT).$(DYNAMIC_VERSION_REVISION)