diff --git a/setup.py b/setup.py
index 4190304..4cb150a 100644
--- a/setup.py
+++ b/setup.py
@@ -55,7 +55,7 @@ for name, requirements in extras_require.items():
 
 setup(
     name='SQLAlchemy-Utils',
-    version='0.16.2',
+    version='0.16.3',
     url='https://github.com/kvesteri/sqlalchemy-utils',
     license='BSD',
     author='Konsta Vesterinen',
diff --git a/sqlalchemy_utils/__init__.py b/sqlalchemy_utils/__init__.py
index 1be7838..ec20313 100644
--- a/sqlalchemy_utils/__init__.py
+++ b/sqlalchemy_utils/__init__.py
@@ -34,7 +34,7 @@ from .types import (
 )
 
 
-__version__ = '0.16.2'
+__version__ = '0.16.3'
 
 
 __all__ = (