diff --git a/src/redist/targets/Versions.targets b/src/redist/targets/Versions.targets
index 2526db643..f472e7892 100644
--- a/src/redist/targets/Versions.targets
+++ b/src/redist/targets/Versions.targets
@@ -3,7 +3,7 @@
     <VersionMajor>3</VersionMajor>
     <VersionMinor>1</VersionMinor>
     <VersionSDKMinor>1</VersionSDKMinor>
-    <VersionPatch>02</VersionPatch>
+    <VersionPatch>03</VersionPatch>
     <ReleaseSuffix Condition=" '$(ReleaseSuffix)' == '' ">servicing</ReleaseSuffix>
     <!--
         When DropSuffix is set to 'true', this branch will produce stable outputs for 'Shipping' packages