diff --git a/CMakeLists.txt b/CMakeLists.txt
index 314e8d9d81..2006604146 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ project(OpenBLAS C ASM)
 
 set(OpenBLAS_MAJOR_VERSION 0)
 set(OpenBLAS_MINOR_VERSION 3)
-set(OpenBLAS_PATCH_VERSION 27.dev)
+set(OpenBLAS_PATCH_VERSION 28)
 
 set(OpenBLAS_VERSION "${OpenBLAS_MAJOR_VERSION}.${OpenBLAS_MINOR_VERSION}.${OpenBLAS_PATCH_VERSION}")
 
diff --git a/Makefile.rule b/Makefile.rule
index 33209e9cd7..ac62d49cfb 100644
--- a/Makefile.rule
+++ b/Makefile.rule
@@ -3,7 +3,7 @@
 #
 
 # This library's version
-VERSION = 0.3.27.dev
+VERSION = 0.3.28
 
 # If you set this prefix, the library name will be lib$(LIBNAMESUFFIX)openblas.a
 # and lib$(LIBNAMESUFFIX)openblas.so, with a matching soname in the shared library