diff --git a/Makefile b/Makefile
index 8280a45..5c39fef 100644
--- a/Makefile
+++ b/Makefile
@@ -14,7 +14,7 @@
 #
 TMP        ?= /tmp
 DIST_PREFIX = ${TMP}
-VERSION     = 4.2.1+dev
+VERSION     = 4.3rc1
 DEBVERSION  = $(shell echo $(VERSION)|sed 's/\(rc\|pre\|beta\|alpha\)/~\1/')
 BASE        = xen-tools
 VCS         = $(shell if git ls-files > /dev/null; then echo git; \
diff --git a/NEWS b/NEWS
index 9e2ec3e..8315162 100644
--- a/NEWS
+++ b/NEWS
@@ -1,5 +1,5 @@
-xen-tools 4.3 (released [TODO])
-================================
+xen-tools 4.3rc1 (released 08 Jun 2012)
+=======================================
 
 New Features and Major Changes
 ------------------------------
diff --git a/bin/xen-create-image b/bin/xen-create-image
index bf5b300..44926ea 100755
--- a/bin/xen-create-image
+++ b/bin/xen-create-image
@@ -822,7 +822,7 @@ my $FAIL = 0;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 #
diff --git a/bin/xen-create-nfs b/bin/xen-create-nfs
index a118c94..0dd7432 100755
--- a/bin/xen-create-nfs
+++ b/bin/xen-create-nfs
@@ -131,7 +131,7 @@ $CONFIG{ 'template' } = '/etc/xen-tools/xm-nfs.tmpl';
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 # store version number away.
diff --git a/bin/xen-delete-image b/bin/xen-delete-image
index da58417..7c6882e 100755
--- a/bin/xen-delete-image
+++ b/bin/xen-delete-image
@@ -171,7 +171,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 
diff --git a/bin/xen-list-images b/bin/xen-list-images
index d54abf4..38b239e 100755
--- a/bin/xen-list-images
+++ b/bin/xen-list-images
@@ -101,7 +101,7 @@ $CONFIG{ 'prefix' } = "/etc/xen";
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 
diff --git a/bin/xen-resize-guest b/bin/xen-resize-guest
index 95acf56..37c291d 100755
--- a/bin/xen-resize-guest
+++ b/bin/xen-resize-guest
@@ -116,7 +116,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 
diff --git a/bin/xen-update-image b/bin/xen-update-image
index 004ee81..35b0da1 100755
--- a/bin/xen-update-image
+++ b/bin/xen-update-image
@@ -120,7 +120,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 #
diff --git a/bin/xt-create-xen-config b/bin/xt-create-xen-config
index 759b28f..8bab976 100755
--- a/bin/xt-create-xen-config
+++ b/bin/xt-create-xen-config
@@ -156,7 +156,7 @@ $CONFIG{ 'extension' } = '.cfg';
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 
diff --git a/bin/xt-customize-image b/bin/xt-customize-image
index c65ac59..36ae6fa 100755
--- a/bin/xt-customize-image
+++ b/bin/xt-customize-image
@@ -98,7 +98,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 
diff --git a/bin/xt-guess-suite-and-mirror b/bin/xt-guess-suite-and-mirror
index bf8fa5c..0b4c982 100755
--- a/bin/xt-guess-suite-and-mirror
+++ b/bin/xt-guess-suite-and-mirror
@@ -81,7 +81,7 @@ use strict;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 # Init
 my $mirror = '';
diff --git a/bin/xt-install-image b/bin/xt-install-image
index 078381f..da34111 100755
--- a/bin/xt-install-image
+++ b/bin/xt-install-image
@@ -118,7 +118,7 @@ my %CONFIG;
 #
 # Release number.
 #
-my $RELEASE = '4.2.1+dev';
+my $RELEASE = '4.3rc1';
 
 
 #
diff --git a/debian/changelog b/debian/changelog
index 9d8e0c8..0bf3cd2 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,6 +1,6 @@
-xen-tools (4.3~dev-1) UNRELEASED; urgency=low
+xen-tools (4.3~rc1-1) unstable; urgency=low
 
-  * New upstream snapshot
+  * New upstream release candidate
     - Correctly checks and documents valid values for
       disk_device. (Closes: #621499)
     - Supports creating Ubuntu 11.10 Oneiric DomUs (LP: #848654)
@@ -49,7 +49,7 @@ xen-tools (4.3~dev-1) UNRELEASED; urgency=low
   * Remove xen-shell from Recommends, nobody picked it up. (Closes:
     #603708)
 
- -- Axel Beckert <abe@debian.org>  Thu, 07 Jun 2012 13:09:28 +0200
+ -- Axel Beckert <abe@debian.org>  Fri, 08 Jun 2012 14:18:38 +0200
 
 xen-tools (4.2.1-1) unstable; urgency=low