diff --git a/build.gradle b/build.gradle
index 82d8ebd..b78415f 100644
--- a/build.gradle
+++ b/build.gradle
@@ -7,7 +7,7 @@ apply plugin: 'maven'
 apply plugin: "signing"
 
 group = "io.opencensus"
-version = "0.3.0-SNAPSHOT" // CURRENT_OPENCENSUS_PROTO_VERSION
+version = "0.3.0" // CURRENT_OPENCENSUS_PROTO_VERSION
 
 sourceCompatibility = 1.6
 targetCompatibility = 1.6
diff --git a/gen-python/version.py b/gen-python/version.py
index 319325b..fc6526a 100644
--- a/gen-python/version.py
+++ b/gen-python/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = '0.3.dev0' # CURRENT_OPENCENSUS_PROTO_VERSION
+__version__ = '0.3.0' # CURRENT_OPENCENSUS_PROTO_VERSION