diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1b9bef68d..e1c2e0086 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,15 @@
+# 1.0.3
+
+SMP server:
+- Reduce server message queue quota to 128 messages.
+
+SMP agent:
+- Add "yes to migrations" option.
+- Make new SMP client attempt to reconnect on network error.
+- Reduce connection handshake expiration to 2 days.
+
+JSON encoding of types used in simplex-chat, some other minor adjustments.
+
 # 1.0.2
 
 General:
diff --git a/package.yaml b/package.yaml
index 470ae7cdd..1f816a4a4 100644
--- a/package.yaml
+++ b/package.yaml
@@ -1,5 +1,5 @@
 name: simplexmq
-version: 1.0.2
+version: 1.0.3
 synopsis: SimpleXMQ message broker
 description:  |
   This package includes <./docs/Simplex-Messaging-Server.html server>,
diff --git a/simplexmq.cabal b/simplexmq.cabal
index 29a5b22d4..3665cb0f7 100644
--- a/simplexmq.cabal
+++ b/simplexmq.cabal
@@ -5,7 +5,7 @@ cabal-version: 1.12
 -- see: https://github.com/sol/hpack
 
 name:           simplexmq
-version:        1.0.2
+version:        1.0.3
 synopsis:       SimpleXMQ message broker
 description:    This package includes <./docs/Simplex-Messaging-Server.html server>,
                 <./docs/Simplex-Messaging-Client.html client> and
diff --git a/src/Simplex/Messaging/Transport.hs b/src/Simplex/Messaging/Transport.hs
index 398bf0a62..8379c35bd 100644
--- a/src/Simplex/Messaging/Transport.hs
+++ b/src/Simplex/Messaging/Transport.hs
@@ -96,7 +96,7 @@ supportedSMPVersions :: VersionRange
 supportedSMPVersions = mkVersionRange 1 1
 
 simplexMQVersion :: String
-simplexMQVersion = "1.0.2"
+simplexMQVersion = "1.0.3"
 
 -- * Transport connection class