diff --git a/CHANGELOG.md b/CHANGELOG.md
index 326be1c5e..1a9175a92 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 ### New features
 
+### Fixes and improvements
+
+## [v1.3.0](https://github.com/OpenNMT/CTranslate2/releases/tag/v1.3.0) (2020-01-14)
+
+### New features
+
 * Support random sampling (see the `sampling_topk` and `sampling_temperature` translation options)
 * `CT2_CUDA_CACHING_ALLOCATOR_CONFIG` environment variable to configure the CUDA caching allocator
 
diff --git a/python/setup.py b/python/setup.py
index 0cb4454ab..45a71af0b 100644
--- a/python/setup.py
+++ b/python/setup.py
@@ -29,7 +29,7 @@ def _maybe_add_library_root(lib_name):
 
 setup(
     name="ctranslate2",
-    version="1.2.3",
+    version="1.3.0",
     license="MIT",
     description="Custom C++ inference engine for OpenNMT models",
     author="OpenNMT",