diff --git a/CMakeLists.txt b/CMakeLists.txt
index 4aa58a83dd..0233394304 100755
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -45,7 +45,7 @@ include(utils)
 set(PKG_VERSION_GIT_TAG_PREFIX "rdc_pkg_ver")
 # Provide git to utilities
 find_program(GIT NAMES git)
-get_version_from_tag("1.0.0" ${PKG_VERSION_GIT_TAG_PREFIX} GIT)
+get_version_from_tag("0.3.0" ${PKG_VERSION_GIT_TAG_PREFIX} GIT)
 # VERSION_* variables should be set by get_version_from_tag
 message("Package version: ${VERSION_STRING}")
 
diff --git a/rdc_libs/CMakeLists.txt b/rdc_libs/CMakeLists.txt
index 0f9b5ed8ce..6226099c5f 100755
--- a/rdc_libs/CMakeLists.txt
+++ b/rdc_libs/CMakeLists.txt
@@ -72,7 +72,7 @@ find_program(GIT NAMES git)
 
 # Debian package specific variables
 # Set a default value for the package version
-get_version_from_tag("1.0.0.0" ${SO_VERSION_GIT_TAG_PREFIX} GIT)
+get_version_from_tag("0.3.0.0" ${SO_VERSION_GIT_TAG_PREFIX} GIT)
 
 # VERSION_* variables should be set by get_version_from_tag
 set(SO_VERSION_STRING "${VERSION_MAJOR}.${VERSION_MINOR}")