diff --git a/ci/compose-uber-jar/gradle.properties b/ci/compose-uber-jar/gradle.properties
index b73aea1df6..f78b69edb6 100644
--- a/ci/compose-uber-jar/gradle.properties
+++ b/ci/compose-uber-jar/gradle.properties
@@ -1,3 +1,3 @@
 # __LATEST_COMPOSE_RELEASE_VERSION__
-compose.version=0.3.0-rc1
+compose.version=0.3.0
 kotlin.code.style=official
diff --git a/examples/codeviewer/build.gradle.kts b/examples/codeviewer/build.gradle.kts
index d643661770..e2709478ce 100644
--- a/examples/codeviewer/build.gradle.kts
+++ b/examples/codeviewer/build.gradle.kts
@@ -9,7 +9,7 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0-rc1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0")
         classpath("com.android.tools.build:gradle:4.0.1")
          // __KOTLIN_COMPOSE_VERSION__
         classpath(kotlin("gradle-plugin", version = "1.4.30"))
diff --git a/examples/falling_balls/build.gradle.kts b/examples/falling_balls/build.gradle.kts
index bf50cad463..95a8adb32c 100644
--- a/examples/falling_balls/build.gradle.kts
+++ b/examples/falling_balls/build.gradle.kts
@@ -6,7 +6,7 @@ plugins {
     // __KOTLIN_COMPOSE_VERSION__
     kotlin("jvm") version "1.4.30"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version "0.3.0-rc1"
+    id("org.jetbrains.compose") version "0.3.0"
 }
 
 group = "me.user"
diff --git a/examples/imageviewer/build.gradle.kts b/examples/imageviewer/build.gradle.kts
index 664b2a34f2..09dd98b464 100755
--- a/examples/imageviewer/build.gradle.kts
+++ b/examples/imageviewer/build.gradle.kts
@@ -11,7 +11,7 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0-rc1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
         classpath(kotlin("gradle-plugin", version = "1.4.30"))
diff --git a/examples/intelliJPlugin/build.gradle.kts b/examples/intelliJPlugin/build.gradle.kts
index 99919c32d5..181c0bb0f7 100644
--- a/examples/intelliJPlugin/build.gradle.kts
+++ b/examples/intelliJPlugin/build.gradle.kts
@@ -5,7 +5,7 @@ plugins {
     java
     kotlin("jvm") version "1.4.30"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version "0.3.0-rc1"
+    id("org.jetbrains.compose") version "0.3.0"
 }
 
 group = "org.example"
diff --git a/examples/issues/build.gradle.kts b/examples/issues/build.gradle.kts
index 9309b0b759..aed3948a13 100644
--- a/examples/issues/build.gradle.kts
+++ b/examples/issues/build.gradle.kts
@@ -9,7 +9,7 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0-rc1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
         classpath(kotlin("gradle-plugin", version = "1.4.30"))
diff --git a/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt b/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
index 324ca34061..705fa02dfc 100644
--- a/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
+++ b/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
@@ -13,7 +13,7 @@ object Deps {
         object Compose {
             // __LATEST_COMPOSE_RELEASE_VERSION__
             // TODO remove exclude(group = "org.jetbrains.compose.desktop")
-            private const val VERSION = "0.3.0-rc1"
+            private const val VERSION = "0.3.0"
             const val gradlePlugin = "org.jetbrains.compose:compose-gradle-plugin:$VERSION"
         }
     }
diff --git a/examples/widgetsgallery/build.gradle.kts b/examples/widgetsgallery/build.gradle.kts
index 354dab8361..0e8dc30cc5 100644
--- a/examples/widgetsgallery/build.gradle.kts
+++ b/examples/widgetsgallery/build.gradle.kts
@@ -9,7 +9,7 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0-rc1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.0")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
         classpath(kotlin("gradle-plugin", version = "1.4.30"))
diff --git a/gradle-plugins/build.gradle.kts b/gradle-plugins/build.gradle.kts
index 52ce9ea8a4..b6715cea11 100644
--- a/gradle-plugins/build.gradle.kts
+++ b/gradle-plugins/build.gradle.kts
@@ -2,7 +2,7 @@ import com.gradle.publish.PluginBundleExtension
 
 plugins {
     // __KOTLIN_COMPOSE_VERSION__
-    kotlin("jvm") version "1.4.20" apply false
+    kotlin("jvm") version "1.4.30" apply false
     id("com.gradle.plugin-publish") version "0.10.1" apply false
     id("de.fuerstenau.buildconfig") version "1.1.8" apply false
 }
diff --git a/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt b/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
index 43ea5c4740..f099a5d5b1 100644
--- a/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
+++ b/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
@@ -2,11 +2,11 @@ package org.jetbrains.compose.test
 
 object TestProperties {
     // __KOTLIN_COMPOSE_VERSION__
-    val kotlinVersion: String = "1.4.20"
+    val kotlinVersion: String = "1.4.30"
 
     val composeVersion: String
         get() = System.getProperty("compose.plugin.version")!!
 
     val gradleVersionForTests: String
         get() = System.getProperty("gradle.version.for.tests")!!
-}
\ No newline at end of file
+}
diff --git a/gradle-plugins/gradle.properties b/gradle-plugins/gradle.properties
index c20c2b1908..85e57f7835 100644
--- a/gradle-plugins/gradle.properties
+++ b/gradle-plugins/gradle.properties
@@ -6,7 +6,7 @@ kotlin.code.style=official
 # unless overridden by COMPOSE_GRADLE_PLUGIN_COMPOSE_VERSION env var.
 #
 # __LATEST_COMPOSE_RELEASE_VERSION__
-compose.version=0.3.0-rc1
+compose.version=0.3.0
 
 # A version of Gradle plugin, that will be published,
 # unless overridden by COMPOSE_GRADLE_PLUGIN_VERSION env var.
diff --git a/templates/desktop-template/build.gradle.kts b/templates/desktop-template/build.gradle.kts
index 2d5d660491..c81a78a765 100644
--- a/templates/desktop-template/build.gradle.kts
+++ b/templates/desktop-template/build.gradle.kts
@@ -5,7 +5,7 @@ plugins {
     // __KOTLIN_COMPOSE_VERSION__
     kotlin("jvm") version "1.4.30"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version (System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.0-rc1")
+    id("org.jetbrains.compose") version (System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.0")
 }
 
 repositories {
diff --git a/templates/desktop-template/build_and_run_from_cli_example.sh b/templates/desktop-template/build_and_run_from_cli_example.sh
index bafeaceff8..94afd65e5b 100644
--- a/templates/desktop-template/build_and_run_from_cli_example.sh
+++ b/templates/desktop-template/build_and_run_from_cli_example.sh
@@ -19,11 +19,11 @@ function mavenDep {
 }
 
 PLATFORM=macos-x64
-SKIKO_VERSION=0.1.18
+SKIKO_VERSION=0.2.13
 # __KOTLIN_COMPOSE_VERSION__
-KOTLIN_VERSION=1.4.20
+KOTLIN_VERSION=1.4.30
 # __LATEST_COMPOSE_RELEASE_VERSION__
-COMPOSE_VERSION=0.2.0-build132
+COMPOSE_VERSION=0.3.0
 COROUTINES_VERSION=1.3.6
 COLLECTIONS_VERSION=0.3
 SPACE_REPO="https://public.jetbrains.space/p/compose/packages/maven/"
diff --git a/templates/multiplatform-template/build.gradle.kts b/templates/multiplatform-template/build.gradle.kts
index d7bf308e9f..d6fd8b08cf 100644
--- a/templates/multiplatform-template/build.gradle.kts
+++ b/templates/multiplatform-template/build.gradle.kts
@@ -1,6 +1,6 @@
 buildscript {
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    val composeVersion = System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.0-rc1"
+    val composeVersion = System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.0"
 
     repositories {
         // TODO: remove after new build is published
diff --git a/tools/replace.sh b/tools/replace.sh
index f7f7ef3f77..1539099a3f 100755
--- a/tools/replace.sh
+++ b/tools/replace.sh
@@ -1,3 +1,3 @@
-OLDVER=0.0.0-unmerged-build39
-NEWVER=0.3.0-rc1
+OLDVER=0.3.0-rc1
+NEWVER=0.3.0
 find -E ../  -regex '.*\.(kts|properties|kt)' -exec sed -i '' -e "s/$OLDVER/$NEWVER/g" {} \;