diff --git a/configure.ac b/configure.ac
index b3c00967b5d521c9459478262861af698f340044..a4208b49f29ca304015977c92913cfde94d40d7d 100644
--- a/configure.ac
+++ b/configure.ac
@@ -8,7 +8,7 @@ dnl    "shared/nm-version-macros.h.in"
 dnl  - update number in meson.build
 m4_define([nm_major_version], [1])
 m4_define([nm_minor_version], [16])
-m4_define([nm_micro_version], [2])
+m4_define([nm_micro_version], [3])
 m4_define([nm_version],
           [nm_major_version.nm_minor_version.nm_micro_version])
 
diff --git a/meson.build b/meson.build
index 2a5f32938ac9bb32f7a116b6abe2c54586979dcd..41cdb2379681fa0965f39a3759a4cc10cb262ccd 100644
--- a/meson.build
+++ b/meson.build
@@ -4,7 +4,7 @@ project(
 #  - add corresponding NM_VERSION_x_y_z macros in
 #    "shared/nm-version-macros.h.in"
 #  - update number in configure.ac
-  version: '1.16.2',
+  version: '1.16.3',
   license: 'GPL2+',
   default_options: [
     'buildtype=debugoptimized',
diff --git a/shared/nm-version-macros.h.in b/shared/nm-version-macros.h.in
index 78db340541f50f0e19028408268839559d1e14df..b2e089eafb32e3d26ee0ae3dcb2a3355ea4b91fa 100644
--- a/shared/nm-version-macros.h.in
+++ b/shared/nm-version-macros.h.in
@@ -76,6 +76,7 @@
 #define NM_VERSION_1_14   (NM_ENCODE_VERSION (1, 14, 0))
 #define NM_VERSION_1_16   (NM_ENCODE_VERSION (1, 16, 0))
 #define NM_VERSION_1_16_2 (NM_ENCODE_VERSION (1, 16, 2))
+#define NM_VERSION_1_16_4 (NM_ENCODE_VERSION (1, 16, 4))
 
 /* For releases, NM_API_VERSION is equal to NM_VERSION.
  *