diff --git a/VERSION.sh b/VERSION.sh
index 7bc3e39d4b..8363cbac3a 100644
--- a/VERSION.sh
+++ b/VERSION.sh
@@ -9,8 +9,8 @@ vendor="389 Project"
 
 # PACKAGE_VERSION is constructed from these
 VERSION_MAJOR=2
-VERSION_MINOR=2
-VERSION_MAINT=2
+VERSION_MINOR=3
+VERSION_MAINT=0
 # NOTE: VERSION_PREREL is automatically set for builds made out of a git tree
 VERSION_PREREL=
 VERSION_DATE=$(date -u +%Y%m%d%H%M)