diff --git a/.gitignore b/.gitignore
index 034c0bb..64181c1 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,3 +4,4 @@
 /python-async-timeout-1.3.0.tar.gz
 /python-async-timeout-1.4.0.tar.gz
 /python-async-timeout-2.0.1.tar.gz
+/python-async-timeout-3.0.0.tar.gz
diff --git a/python-async-timeout.spec b/python-async-timeout.spec
index c47f381..f6b3813 100644
--- a/python-async-timeout.spec
+++ b/python-async-timeout.spec
@@ -6,7 +6,7 @@ suitable. Also it's much faster than asyncio.wait_for() because timeout\
 doesn't create a new task.
 
 Name:           python-%{srcname}
-Version:        2.0.1
+Version:        3.0.0
 Release:        1%{?dist}
 Summary:        An asyncio-compatible timeout context manager
 
@@ -50,6 +50,9 @@ BuildRequires: python3-pytest-runner
 %{python3_sitelib}/async_timeout-*.egg-info/
 
 %changelog
+* Sat May 05 2018 Fabian Affolter <mail@fabian-affolter.ch> - 3.0.0-1
+- Update to latest upstream release 3.0.0 (rhbz#1575247)
+
 * Thu Mar 15 2018 Fabian Affolter <mail@fabian-affolter.ch> - 2.0.1-1
 - Update to latest upstream release 2.0.1 (rhbz#1554798)
 
diff --git a/sources b/sources
index ba917af..1594910 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (python-async-timeout-2.0.1.tar.gz) = e3f3565cd5eb467b3e51a9e839d5a08002815e42cc442cba7db240dd265d1d9b21ae5ec4705a126aef46ec9ab4a3aa280a78ed012b222ea516f051228260455d
+SHA512 (python-async-timeout-3.0.0.tar.gz) = 23a697ef1aea14e74fdca2f1d18a0dd474caa623c452199da137db01692a28be9667f50d0253b61743fdff00bea2880fc59439f27ffc1a7257ce2d13fdab23a5