diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2fb0a88aea..7f43843641 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.3.0] - 2023-03-08
+
 #### Added
  - Added experimental support for CMake builds. Traditional GNU Autotools builds (`./configure` and `make`) remain fully supported.
  - Usage examples: Added a recommended method for securely clearing sensitive data, e.g., secret keys, from memory.
@@ -22,6 +24,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 #### Removed
  - Removed the configuration header `src/libsecp256k1-config.h`. We recommend passing flags to `./configure` or `cmake` to set configuration options (see `./configure --help` or `cmake -LH`). If you cannot or do not want to use one of the supported build systems, pass configuration flags such as `-DSECP256K1_ENABLE_MODULE_SCHNORRSIG` manually to the compiler (see the file `configure.ac` for supported flags).
 
+#### ABI Compatibility
+
+Due to changes in the API regarding `secp256k1_context_static` described above, the ABI is *not* compatible with previous versions.
+
 ## [0.2.0] - 2022-12-12
 
 #### Added
@@ -49,6 +55,7 @@ This version was in fact never released.
 The number was given by the build system since the introduction of autotools in Jan 2014 (ea0fe5a5bf0c04f9cc955b2966b614f5f378c6f6).
 Therefore, this version number does not uniquely identify a set of source files.
 
-[unreleased]: https://github.com/bitcoin-core/secp256k1/compare/v0.2.0...HEAD
+[unreleased]: https://github.com/bitcoin-core/secp256k1/compare/v0.3.0...HEAD
+[0.3.0]: https://github.com/bitcoin-core/secp256k1/compare/v0.2.0...v0.3.0
 [0.2.0]: https://github.com/bitcoin-core/secp256k1/compare/423b6d19d373f1224fd671a982584d7e7900bc93..v0.2.0
 [0.1.0]: https://github.com/bitcoin-core/secp256k1/commit/423b6d19d373f1224fd671a982584d7e7900bc93
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 33ab1cdf22..5c8aad6fcc 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -10,15 +10,15 @@ endif()
 # The package (a.k.a. release) version is based on semantic versioning 2.0.0 of
 # the API. All changes in experimental modules are treated as
 # backwards-compatible and therefore at most increase the minor version.
-project(libsecp256k1 VERSION 0.2.1 LANGUAGES C)
+project(libsecp256k1 VERSION 0.3.0 LANGUAGES C)
 
 # The library version is based on libtool versioning of the ABI. The set of
 # rules for updating the version can be found here:
 # https://www.gnu.org/software/libtool/manual/html_node/Updating-version-info.html
 # All changes in experimental modules are treated as if they don't affect the
 # interface and therefore only increase the revision.
-set(${PROJECT_NAME}_LIB_VERSION_CURRENT 1)
-set(${PROJECT_NAME}_LIB_VERSION_REVISION 1)
+set(${PROJECT_NAME}_LIB_VERSION_CURRENT 2)
+set(${PROJECT_NAME}_LIB_VERSION_REVISION 0)
 set(${PROJECT_NAME}_LIB_VERSION_AGE 0)
 
 set(CMAKE_C_STANDARD 90)
diff --git a/configure.ac b/configure.ac
index ec0738d053..a46a0a7be3 100644
--- a/configure.ac
+++ b/configure.ac
@@ -4,17 +4,17 @@ AC_PREREQ([2.60])
 # the API. All changes in experimental modules are treated as
 # backwards-compatible and therefore at most increase the minor version.
 define(_PKG_VERSION_MAJOR, 0)
-define(_PKG_VERSION_MINOR, 2)
-define(_PKG_VERSION_PATCH, 1)
-define(_PKG_VERSION_IS_RELEASE, false)
+define(_PKG_VERSION_MINOR, 3)
+define(_PKG_VERSION_PATCH, 0)
+define(_PKG_VERSION_IS_RELEASE, true)
 
 # The library version is based on libtool versioning of the ABI. The set of
 # rules for updating the version can be found here:
 # https://www.gnu.org/software/libtool/manual/html_node/Updating-version-info.html
 # All changes in experimental modules are treated as if they don't affect the
 # interface and therefore only increase the revision.
-define(_LIB_VERSION_CURRENT, 1)
-define(_LIB_VERSION_REVISION, 1)
+define(_LIB_VERSION_CURRENT, 2)
+define(_LIB_VERSION_REVISION, 0)
 define(_LIB_VERSION_AGE, 0)
 
 AC_INIT([libsecp256k1],m4_join([.], _PKG_VERSION_MAJOR, _PKG_VERSION_MINOR, _PKG_VERSION_PATCH)m4_if(_PKG_VERSION_IS_RELEASE, [true], [], [-dev]),[https://github.com/bitcoin-core/secp256k1/issues],[libsecp256k1],[https://github.com/bitcoin-core/secp256k1])