diff --git a/VERSION b/VERSION
index 9b56d6a5f1..508f67a2fe 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-18.03.0-ce
+18.03.1-ce-rc1
diff --git a/components/cli/VERSION b/components/cli/VERSION
index 9b56d6a5f1..508f67a2fe 100644
--- a/components/cli/VERSION
+++ b/components/cli/VERSION
@@ -1 +1 @@
-18.03.0-ce
+18.03.1-ce-rc1