diff --git a/CHANGES b/CHANGES
index eea87b8ac..000045bad 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,5 +1,5 @@
-Release 1.2 (in development)
-============================
+Release 1.2 (beta1 released Mar 31, 2013)
+=========================================
 
 Incompatible changes
 --------------------
diff --git a/sphinx/__init__.py b/sphinx/__init__.py
index 88d47cd11..c091a6776 100644
--- a/sphinx/__init__.py
+++ b/sphinx/__init__.py
@@ -15,8 +15,8 @@
 import sys
 from os import path
 
-__version__  = '1.2pre'
-__released__ = '1.2 (hg)'  # used when Sphinx builds its own docs
+__version__  = '1.2b1'
+__released__ = '1.2b1'  # used when Sphinx builds its own docs
 
 package_dir = path.abspath(path.dirname(__file__))