diff --git a/configure.ac b/configure.ac
index fc12f9d062a0d4da9b6a51b48dbfbcee69c7144d..fb9ba2381a36a894c8f2c043b3114f58bc392102 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 AC_PREREQ([2.69])
 
 # Remember to change the version also in elpa.spec
-AC_INIT([elpa],[2016.05.002], [elpa-library@mpcdf.mpg.de])
+AC_INIT([elpa],[2016.05.003], [elpa-library@mpcdf.mpg.de])
 
 AC_SUBST([PACKAGE_VERSION])
 
diff --git a/test_project/configure.ac b/test_project/configure.ac
index b4dad9c76c326f3e52a0d66f6668274e4fbbdde4..6eaf1a0ee8d25c20d27842207b403c5c62dfc265 100644
--- a/test_project/configure.ac
+++ b/test_project/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.69])
-AC_INIT([elpa_test_project],[2016.05.002], elpa-library@rzg.mpg.de)
-elpaversion="2016.05.002"
+AC_INIT([elpa_test_project],[2016.05.003], elpa-library@rzg.mpg.de)
+elpaversion="2016.05.003"
 AC_CONFIG_SRCDIR([src/test_real.F90])
 
 AM_INIT_AUTOMAKE([foreign -Wall subdir-objects])