diff --git a/xen/Makefile b/xen/Makefile
index 419c5eac38..483901fb2f 100644
--- a/xen/Makefile
+++ b/xen/Makefile
@@ -6,7 +6,7 @@ this-makefile := $(call lastword,$(MAKEFILE_LIST))
 # All other places this is stored (eg. compile.h) should be autogenerated.
 export XEN_VERSION       = 4
 export XEN_SUBVERSION    = 22
-export XEN_EXTRAVERSION ?= .0-rc2$(XEN_VENDORVERSION)
+export XEN_EXTRAVERSION ?= .0-rc3$(XEN_VENDORVERSION)
 export XEN_FULLVERSION   = $(XEN_VERSION).$(XEN_SUBVERSION)$(XEN_EXTRAVERSION)
 -include xen-version