diff --git a/NEWS b/NEWS
index f1e3193..e768c2c 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,18 @@
+Version 1.3:
+	`make install` now supports customizing the directories into
+	which binaries, headers, and libraries are installed.
+
+	`make install` now installs into /usr/local by default.
+	To change it, use e.g. `make install PREFIX=/usr`.
+
+	`make install` now works on more platforms.
+
+	The Makefile now supports overriding the optimization flags.
+
+	The compression functions now correctly handle an output data
+	buffer >= 4 GiB in size, and `gzip` and `gunzip` now correctly
+	handle multi-gigabyte files (if enough memory is available).
+
 Version 1.2:
 	Slight improvements to decompression speed.
 
diff --git a/libdeflate.h b/libdeflate.h
index c5600fc..28b76d3 100644
--- a/libdeflate.h
+++ b/libdeflate.h
@@ -10,8 +10,8 @@ extern "C" {
 #endif
 
 #define LIBDEFLATE_VERSION_MAJOR	1
-#define LIBDEFLATE_VERSION_MINOR	2
-#define LIBDEFLATE_VERSION_STRING	"1.2"
+#define LIBDEFLATE_VERSION_MINOR	3
+#define LIBDEFLATE_VERSION_STRING	"1.3"
 
 #include <stddef.h>
 #include <stdint.h>