diff --git a/CHANGES b/CHANGES
index 2c357eb8a1..0287cffaec 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,13 @@
+2012.11.1, Released January 3rd, 2013:
+
+	Toolchain: Fixed non-largefile builds on recent Ubuntu
+	versions.
+
+	Arch: fix missing x86/generic handling, Build for Xtensa with
+	longcalls option.
+
+	Updated/fixed packages: dosfstools, qt
+
 2012.11, Released December 2nd, 2012:
 
 	Git shallow clone fix for older git version.
diff --git a/Makefile b/Makefile
index 9d9985fd34..692dbba215 100644
--- a/Makefile
+++ b/Makefile
@@ -24,7 +24,7 @@
 #--------------------------------------------------------------
 
 # Set and export the version string
-export BR2_VERSION:=2012.11
+export BR2_VERSION:=2012.11.1
 
 # Check for minimal make version (note: this check will break at make 10.x)
 MIN_MAKE_VERSION=3.81