diff --git a/synapse/__init__.py b/synapse/__init__.py
index 25c10244d380d9137a88fc3623efeffc26a9e3db..4a3a3ba236ae3c915b7892ffc3c7d35420f7f2c1 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -27,4 +27,4 @@ try:
 except ImportError:
     pass
 
-__version__ = "0.99.2"
+__version__ = "0.99.3rc1"