diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 124246900..4f6be4f90 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,5 +1,5 @@
-3.0.3.dev0
-==========
+3.0.3
+=====
 
 * The ``ids`` argument to ``parametrize`` again accepts ``unicode`` strings
   in Python 2 (`#1905`_).
@@ -23,11 +23,6 @@
   ``VersionConflict`` errors in plugins (`#704`_).
   Thanks `@nicoddemus`_ for the PR.
 
-*
-
-*
-
-
 
 .. _@philpep: https://github.com/philpep
 .. _@raquel-ucl: https://github.com/raquel-ucl
diff --git a/_pytest/__init__.py b/_pytest/__init__.py
index 4d8be3d3a..4c3823e5c 100644
--- a/_pytest/__init__.py
+++ b/_pytest/__init__.py
@@ -1,2 +1,2 @@
 #
-__version__ = '3.0.3.dev0'
+__version__ = '3.0.3'
diff --git a/doc/en/announce/release-3.0.3.rst b/doc/en/announce/release-3.0.3.rst
new file mode 100644
index 000000000..f00172195
--- /dev/null
+++ b/doc/en/announce/release-3.0.3.rst
@@ -0,0 +1,27 @@
+pytest-3.0.3
+============
+
+pytest 3.0.3 has just been released to PyPI.
+
+This release fixes some regressions and bugs reported in the last version, 
+being a drop-in replacement. To upgrade::
+
+  pip install --upgrade pytest
+  
+The changelog is available at http://doc.pytest.org/en/latest/changelog.html.
+
+Thanks to all who contributed to this release, among them:
+
+* Bruno Oliveira
+* Florian Bruhin
+* Floris Bruynooghe
+* Huayi Zhang
+* Lev Maximov
+* Raquel Alegre
+* Ronny Pfannschmidt
+* Roy Williams
+* Tyler Goodlet
+* mbyt
+
+Happy testing,
+The pytest Development Team