diff --git a/packaging/debian/changelog b/packaging/debian/changelog
index eb0699f3..bd125e92 100644
--- a/packaging/debian/changelog
+++ b/packaging/debian/changelog
@@ -1,3 +1,9 @@
+nvidia-container-toolkit (1.8.0~rc.3-1) UNRELEASED; urgency=medium
+
+ * Placeholder for 1.8.0-rc.3 release
+
+ -- NVIDIA CORPORATION <cudatools@nvidia.com> Wed, 02 Feb 2022 13:42:18 +0100
+
 nvidia-container-toolkit (1.8.0~rc.2-1) UNRELEASED; urgency=medium
 
   * Remove support for building amazonlinux1 packages
diff --git a/packaging/rpm/SPECS/nvidia-container-toolkit.spec b/packaging/rpm/SPECS/nvidia-container-toolkit.spec
index 27b00c52..3f2477b6 100644
--- a/packaging/rpm/SPECS/nvidia-container-toolkit.spec
+++ b/packaging/rpm/SPECS/nvidia-container-toolkit.spec
@@ -64,6 +64,9 @@ rm -f %{_bindir}/nvidia-container-runtime-hook
 /usr/share/containers/oci/hooks.d/oci-nvidia-hook.json
 
 %changelog
+* Wed Feb 02 2022 NVIDIA CORPORATION <cudatools@nvidia.com> 1.8.0-0.1.rc.3
+- Placeholder for 1.8.0-rc.3 release
+
 * Thu Jan 20 2022 NVIDIA CORPORATION <cudatools@nvidia.com> 1.8.0-0.1.rc.2
 - Remove support for building amazonlinux1 packages
 
diff --git a/versions.mk b/versions.mk
index 8a9e5086..db7b504b 100644
--- a/versions.mk
+++ b/versions.mk
@@ -14,7 +14,7 @@
 
 LIB_NAME := nvidia-container-toolkit
 LIB_VERSION := 1.8.0
-LIB_TAG := rc.2
+LIB_TAG := rc.3
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions
 NVIDIA_DOCKER_VERSION := 2.9.0