diff --git a/CHANGES b/CHANGES
index fb52f9bd1a..bf9b57e21d 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,32 @@
+2023.05.3, released September 26th, 2023
+
+	Important / security related fixes.
+
+	Defconfigs: PC x86-64 bios/efi: Needs libelf. Raspberrypi:
+	Also enable HDMI console when systemd is used.
+
+	Updated/fixed packages: agentpp, asterisk, at91dataflashboot,
+	aubio, berkeleydb, bind, bwm-ng, chocolate-doom, clamav,
+	compiler-rt, connman, cpio, cups, dav1d, diffutils, dracut,
+	dt, expect, fail2ban, fio, flite, freerdp, freeswitch,
+	fstrcmp, gcc, gdb, ghostscript, gmp, go, grub2, haproxy,
+	heirloom-mailx, hwloc, icu, intel-microcode, irssi, less,
+	libcoap, libcurl, libglib2, libiec61850, libjxl, libks,
+	libksba, libmodsecurity, libpjsip, libqb, libraw, libssh,
+	libtommath, lldpd, log4cxx, lsof, mdadm, mosquitto, mpd, mpv,
+	mutt, mv-ddr-marvell, ne10, netatalk, network-manager,
+	nftables, nodejs, ntpsec, nut, openblas, openjdk, openjdk-bin,
+	opensc, openssh, pcm-tools, perftest, petitboot, php, pixman,
+	poppler, postgresql, python-django, python-ipython,
+	python-pip, python-pylibfdt, python-tornado, python3, qt5,
+	ramspeed, rtl8189fs, rtl8812au-aircrack-ng, samba4, screen,
+	screenfetch, sngrep, sofia-sip, stellarium, stress-ng,
+	strongswan, sysstat, tar, tcl, uboot, uclibc, vim, webkitgtk,
+	webp, wireshark, xfsprogs, xserver_xorg-server, xterm, yajl,
+	zbar, zxing-cpp
+
+	New packages: xlib_libXpresent
+
 2023.05.2, released August 31th, 2023
 
 	Important / security related fixes.
diff --git a/Makefile b/Makefile
index 2ea0467fc9..eedf4ea296 100644
--- a/Makefile
+++ b/Makefile
@@ -90,9 +90,9 @@ all:
 .PHONY: all
 
 # Set and export the version string
-export BR2_VERSION := 2023.05.2
+export BR2_VERSION := 2023.05.3
 # Actual time the release is cut (for reproducible builds)
-BR2_VERSION_EPOCH = 1693493000
+BR2_VERSION_EPOCH = 1695764000
 
 # Save running make version since it's clobbered by the make package
 RUNNING_MAKE_VERSION := $(MAKE_VERSION)
diff --git a/support/misc/Vagrantfile b/support/misc/Vagrantfile
index 75aae858b7..0b26583ea9 100644
--- a/support/misc/Vagrantfile
+++ b/support/misc/Vagrantfile
@@ -5,7 +5,7 @@
 ################################################################################
 
 # Buildroot version to use
-RELEASE='2023.05.2'
+RELEASE='2023.05.3'
 
 ### Change here for more memory/cores ###
 VM_MEMORY=2048