diff --git a/NEWS b/NEWS
index a6ea6610..564742ee 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,11 @@
+40.3
+====
+* drive-menu: Improve detection of network mounts [Florian; !27]
+* Misc. bug fixes [Florian; #340]
+
+Contributors:
+  Florian Müllner
+
 40.2
 ====
 * window-list: Extend reactive area of minimap to screen edges [Adam; !171]
diff --git a/meson.build b/meson.build
index 413645f9..7bd8116a 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gnome-shell-extensions',
-  version: '40.2',
+  version: '40.3',
   meson_version: '>= 0.44.0',
   license: 'GPL2+'
 )