diff --git a/java-managed-identities/pom.xml b/java-managed-identities/pom.xml
index a40c51cb5ee3..11c6657949e5 100644
--- a/java-managed-identities/pom.xml
+++ b/java-managed-identities/pom.xml
@@ -77,7 +77,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>3.0.2</version>
+        <version>3.0.3</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>