diff --git a/Makefile b/Makefile
index daf28f3615..7dcb8825da 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION = 1.2.1
+VERSION = 1.3.0
 
 PREFIX = /usr/local
 BINDIR = $(PREFIX)/bin
diff --git a/README.md b/README.md
index baddd799f2..61d4313b1e 100644
--- a/README.md
+++ b/README.md
@@ -61,7 +61,7 @@ necessary packages. You may want to run it as root.
 ```shell
 git clone https://github.com/rui314/mold.git
 cd mold
-git checkout v1.2.1
+git checkout v1.3.0
 make -j$(nproc) CXX=clang++
 sudo make install
 ```