diff --git a/doc/whatsnew/2/2.16/index.rst b/doc/whatsnew/2/2.16/index.rst
index 45ff2833d8..d2ad86ab3e 100644
--- a/doc/whatsnew/2/2.16/index.rst
+++ b/doc/whatsnew/2/2.16/index.rst
@@ -32,6 +32,30 @@ Last but not least @clavedeluna and @nickdrozd became triagers, welcome to the t
 
 .. towncrier release notes start
 
+What's new in Pylint 2.16.3?
+----------------------------
+Release date: 2023-03-03
+
+
+False Positives Fixed
+---------------------
+
+- Fix false positive for ``wrong-spelling-in-comment`` with class names in a
+  python 2 type comment.
+
+  Closes #8370 (`#8370 <https://github.com/PyCQA/pylint/issues/8370>`_)
+
+
+
+Other Bug Fixes
+---------------
+
+- Prevent emitting ``invalid-name`` for the line on which a ``global``
+  statement is declared.
+
+  Closes #8307 (`#8307 <https://github.com/PyCQA/pylint/issues/8307>`_)
+
+
 What's new in Pylint 2.16.2?
 ----------------------------
 Release date: 2023-02-13
diff --git a/doc/whatsnew/fragments/8307.bugfix b/doc/whatsnew/fragments/8307.bugfix
deleted file mode 100644
index f86f7b67b8..0000000000
--- a/doc/whatsnew/fragments/8307.bugfix
+++ /dev/null
@@ -1,3 +0,0 @@
-Prevent emitting ``invalid-name`` for the line on which a ``global`` statement is declared.
-
-Closes #8307
diff --git a/doc/whatsnew/fragments/8370.false_positive b/doc/whatsnew/fragments/8370.false_positive
deleted file mode 100644
index a641ecbbf2..0000000000
--- a/doc/whatsnew/fragments/8370.false_positive
+++ /dev/null
@@ -1,3 +0,0 @@
-Fix false positive for ``wrong-spelling-in-comment`` with class names in a python 2 type comment.
-
-Closes #8370
diff --git a/pylint/__pkginfo__.py b/pylint/__pkginfo__.py
index 360381f398..a67fa48537 100644
--- a/pylint/__pkginfo__.py
+++ b/pylint/__pkginfo__.py
@@ -9,7 +9,7 @@
 
 from __future__ import annotations
 
-__version__ = "2.16.2"
+__version__ = "2.16.3"
 
 
 def get_numversion_from_version(v: str) -> tuple[int, int, int]:
diff --git a/tbump.toml b/tbump.toml
index d3f12af84f..c4d04acf24 100644
--- a/tbump.toml
+++ b/tbump.toml
@@ -1,7 +1,7 @@
 github_url = "https://github.com/PyCQA/pylint"
 
 [version]
-current = "2.16.2"
+current = "2.16.3"
 regex = '''
 ^(?P<major>0|[1-9]\d*)
 \.
diff --git a/towncrier.toml b/towncrier.toml
index 9192176aa9..a65d4681d2 100644
--- a/towncrier.toml
+++ b/towncrier.toml
@@ -1,5 +1,5 @@
 [tool.towncrier]
-version = "2.16.2"
+version = "2.16.3"
 directory = "doc/whatsnew/fragments"
 filename = "doc/whatsnew/2/2.16/index.rst"
 template = "doc/whatsnew/fragments/_template.rst"