diff --git a/.gitignore b/.gitignore
index fd07a38..570aacb 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,3 +1,4 @@
 /python-async-timeout-1.1.0.tar.gz
 /python-async-timeout-1.2.0.tar.gz
 /python-async-timeout-1.2.1.tar.gz
+/python-async-timeout-1.3.0.tar.gz
diff --git a/python-async-timeout.spec b/python-async-timeout.spec
index a48b9c7..201541e 100644
--- a/python-async-timeout.spec
+++ b/python-async-timeout.spec
@@ -6,9 +6,9 @@ suitable. Also it's much faster than asyncio.wait_for() because timeout\
 doesn't create a new task.
 
 Name:           python-%{srcname}
-Version:        1.2.1
-Release:        2%{?dist}
-Summary:        asyncio-compatible timeout context manager
+Version:        1.3.0
+Release:        1%{?dist}
+Summary:        An asyncio-compatible timeout context manager
 
 License:        ASL 2.0
 URL:            https://github.com/aio-libs/async-timeout
@@ -31,7 +31,7 @@ BuildRequires: python3-pytest-runner
 %{common_desc}
 
 %prep
-%autosetup -n async-timeout-%{version}
+%autosetup -n %{srcname}-%{version}
 
 %build
 %py3_build
@@ -50,6 +50,9 @@ BuildRequires: python3-pytest-runner
 %{python3_sitelib}/async_timeout-*.egg-info/
 
 %changelog
+* Fri Aug 25 2017 Fabian Affolter <mail@fabian-affolter.ch> - 1.3.0-1
+- Update to latest upstream release 1.3.0 (rhbz#1484848)
+
 * Thu Jul 27 2017 Fedora Release Engineering <releng@fedoraproject.org> - 1.2.1-2
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_27_Mass_Rebuild
 
diff --git a/sources b/sources
index 3121081..b394db7 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (python-async-timeout-1.2.1.tar.gz) = f7109447ad7565f0caf0b0d561c934e0a79db471aeb78e5030e2e959af67749044e08bfb29ab32d10e8a9ca7dabb3194ac12cee18d3b1b4d7c3663221bade052
+SHA512 (python-async-timeout-1.3.0.tar.gz) = b2f8fee2589f46d67adefd30378f9d7b1a6d92f371ffbbe7b82fb9a34b9948c8d857a81152a097531ec7a6388a7bd1a1d55451bd104aa62c1df7af7fecaf7e14