diff --git a/DESCRIPTION b/DESCRIPTION
index 88ab9c6ba..73ec3bd8a 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: polars
 Title: Lightning-Fast 'DataFrame' Library
-Version: 0.12.0.9000
+Version: 0.12.1
 Depends: R (>= 4.2)
 Imports: utils, codetools
 Authors@R:
diff --git a/NEWS.md b/NEWS.md
index fe7b5184a..18a9c5d7f 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,6 +1,6 @@
 # NEWS
 
-## polars (development version)
+## polars 0.12.1
 
 This version includes a few additional features and
 a large amount of documentation improvements.