diff --git a/Cargo.toml b/Cargo.toml
index ea386f64c..da1cb4384 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,5 +1,5 @@
 [workspace.package]
-version = "1.0.2"
+version = "1.0.3"
 authors = ["Webb Technologies Inc."]
 edition = "2021"
 license = "Unlicense"
diff --git a/runtime/mainnet/src/lib.rs b/runtime/mainnet/src/lib.rs
index 3952ea149..4cdd7a14b 100644
--- a/runtime/mainnet/src/lib.rs
+++ b/runtime/mainnet/src/lib.rs
@@ -171,7 +171,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("tangle"),
 	impl_name: create_runtime_str!("tangle"),
 	authoring_version: 1,
-	spec_version: 1002, // v1.0.2
+	spec_version: 1003, // v1.0.3
 	impl_version: 1,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 1,
diff --git a/runtime/testnet/src/lib.rs b/runtime/testnet/src/lib.rs
index 55efdcd54..54e3cdc36 100644
--- a/runtime/testnet/src/lib.rs
+++ b/runtime/testnet/src/lib.rs
@@ -173,7 +173,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("tangle-testnet"),
 	impl_name: create_runtime_str!("tangle-testnet"),
 	authoring_version: 1,
-	spec_version: 1002, // v1.0.2
+	spec_version: 1003, // v1.0.3
 	impl_version: 1,
 	apis: RUNTIME_API_VERSIONS,
 	transaction_version: 1,