diff --git a/History.rdoc b/History.rdoc
index e61aa17..21707e2 100644
--- a/History.rdoc
+++ b/History.rdoc
@@ -1,3 +1,10 @@
+=== 5.16.3 / 2022-08-17
+
+* 2 bug fixes:
+
+  * Fixed exception sanitization by removing TypeError restriction on rescue.
+  * Use A instead of deprecated TESTOPTS in rake test:slow. (davidstosik)
+
 === 5.16.2 / 2022-07-03
 
 * 4 bug fixes:
diff --git a/lib/minitest.rb b/lib/minitest.rb
index c788f7c..b0314bf 100644
--- a/lib/minitest.rb
+++ b/lib/minitest.rb
@@ -9,7 +9,7 @@ require "etc"
 # :include: README.rdoc
 
 module Minitest
-  VERSION = "5.16.2" # :nodoc:
+  VERSION = "5.16.3" # :nodoc:
 
   @@installed_at_exit ||= false
   @@after_run = []