diff --git a/vdsm.spec.in b/vdsm.spec.in
index 02a581dc02..26e2cbc232 100644
--- a/vdsm.spec.in
+++ b/vdsm.spec.in
@@ -56,7 +56,7 @@
 %{!?vdsm_release: %global vdsm_release @PACKAGE_RELEASE@}
 
 Name:           %{vdsm_name}
-Version:        4.50.2.3
+Version:        4.50.3
 Release:        %{vdsm_release}%{?dist}%{?extra_release}
 Summary:        Virtual Desktop Server Manager
 
@@ -1220,5 +1220,5 @@ exit 0
 %endif
 
 %changelog
-* Wed Sep 14 2022 Marcin Sobczyk <msobczyk@redhat.com> - 4.50.2.3
+* Wed Sep 14 2022 Marcin Sobczyk <msobczyk@redhat.com> - 4.50.3
 - See %{_docdir}/%{vdsm_name}/ChangeLog for the complete list of Vdsm changes.