diff --git a/releasing/VERSIONS b/releasing/VERSIONS
index 16b246085..82875c331 100644
--- a/releasing/VERSIONS
+++ b/releasing/VERSIONS
@@ -6,7 +6,7 @@
 # kyaml version
 export kyaml_major=0
 export kyaml_minor=1
-export kyaml_patch=2
+export kyaml_patch=3
 
 # kstatus version
 export kstatus_major=0
@@ -21,7 +21,7 @@ export api_patch=3
 # cmd/config version
 export cmd_config_major=0
 export cmd_config_minor=1
-export cmd_config_patch=2
+export cmd_config_patch=3
 
 # cmd/kubectl version
 export cmd_kubectl_major=0