diff --git a/TAG b/TAG
index b4efb43f1f9..fb35fc3c9fe 100644
--- a/TAG
+++ b/TAG
@@ -1 +1 @@
-2.0.3-rc1
+2.0.3-rc2
diff --git a/debian/changelog b/debian/changelog
index 94a2ec60c29..8fe3e27f9da 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+daos (2.0.3-2) unstable; urgency=medium
+  [ Johann Lombardi ]
+  * Version bump to 2.0.3 (rc2)
+
+ -- Johann Lombardi <johann.lombardi@intel.com>  Fri, 03 Jun 2022 09:00:00 -0100
+
 daos (2.0.3-1) unstable; urgency=medium
   [ Johann Lombardi ]
   * Version bump to 2.0.3 (rc1)
diff --git a/utils/rpms/daos.spec b/utils/rpms/daos.spec
index d69641a1331..cfb11c63899 100644
--- a/utils/rpms/daos.spec
+++ b/utils/rpms/daos.spec
@@ -14,7 +14,7 @@
 
 Name:          daos
 Version:       2.0.3
-Release:       1%{?relval}%{?dist}
+Release:       2%{?relval}%{?dist}
 Summary:       DAOS Storage Engine
 
 License:       BSD-2-Clause-Patent
@@ -528,6 +528,9 @@ getent passwd daos_agent >/dev/null || useradd -s /sbin/nologin -r -g daos_agent
 # No files in a meta-package
 
 %changelog
+* Fri Jun 03 2022 Johann Lombardi <johann.lombardi@intel.com> 2.0.3-2
+- Version bump to 2.0.3 (rc2)
+
 * Fri May 27 2022 Johann Lombardi <johann.lombardi@intel.com> 2.0.3-1
 - Version bump to 2.0.3 (rc1)