diff --git a/docs/source/release-notes/5.0.3.rst b/docs/source/release-notes/5.0.3.rst
new file mode 100644
index 0000000..25f8d93
--- /dev/null
+++ b/docs/source/release-notes/5.0.3.rst
@@ -0,0 +1,15 @@
+5.0.3 -- 2022-08-01
+-------------------
+
+You can view the `5.0.3 milestone`_ on GitHub for more details.
+
+Bugs Fixed
+~~~~~~~~~~
+
+- Work around partial reads of configuration files with syntax errors (See
+  also :issue:`1647`, :pull:`1648`).
+
+
+.. all links
+.. _5.0.3 milestone:
+    https://github.com/PyCQA/flake8/milestone/45
diff --git a/docs/source/release-notes/index.rst b/docs/source/release-notes/index.rst
index 7a0e10f..aaeb4c0 100644
--- a/docs/source/release-notes/index.rst
+++ b/docs/source/release-notes/index.rst
@@ -9,6 +9,7 @@ with the newest releases first.
 ==================
 
 .. toctree::
+   5.0.3
    5.0.2
    5.0.1
    5.0.0
diff --git a/src/flake8/__init__.py b/src/flake8/__init__.py
index 8a50d29..26a8d5b 100644
--- a/src/flake8/__init__.py
+++ b/src/flake8/__init__.py
@@ -17,7 +17,7 @@ from typing import Type
 LOG = logging.getLogger(__name__)
 LOG.addHandler(logging.NullHandler())
 
-__version__ = "5.0.2"
+__version__ = "5.0.3"
 __version_info__ = tuple(int(i) for i in __version__.split(".") if i.isdigit())
 
 _VERBOSITY_TO_LOG_LEVEL = {