diff --git a/docs/release-notes.rst b/docs/release-notes.rst
index 04c105bb..6e294669 100644
--- a/docs/release-notes.rst
+++ b/docs/release-notes.rst
@@ -4,8 +4,11 @@
 Release notes
 =============
 
+Release 0.12.2 (unreleased)
+===========================
+
 
-Release 0.12.1 (unreleased)
+Release 0.12.1
 ===========================
 - `PR 777 <https://github.com/uber/petastorm/pull/777>`_: Remove ``LocalDiskArrowTableCache`` class as it was using deprecated pyarrow serialization API. Speed up ``LocalDiskCache`` by using the highest pickle protocol in cache serialization.
 - `PR 783 <https://github.com/uber/petastorm/pull/783>`_: Support results_queue_size parameter in make_batch_reader API
diff --git a/petastorm/__init__.py b/petastorm/__init__.py
index 8d8e4586..4fdb8432 100644
--- a/petastorm/__init__.py
+++ b/petastorm/__init__.py
@@ -16,4 +16,4 @@
 from petastorm.reader import make_reader, make_batch_reader  # noqa: F401
 from petastorm.transform import TransformSpec  # noqa: F401
 
-__version__ = '0.12.0'
+__version__ = '0.12.1rc1'