diff --git a/CMakeLists.txt b/CMakeLists.txt
index fa2531670..d01004c36 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -2,7 +2,7 @@
 cmake_minimum_required(VERSION 3.4)
 
 set(CMAKE_USER_MAKE_RULES_OVERRIDE_CXX "${CMAKE_CURRENT_SOURCE_DIR}/cmake/cxx_compiler_flags_overrides.cmake")
-project(Z3 VERSION 4.8.11.0 LANGUAGES CXX)
+project(Z3 VERSION 4.8.12.0 LANGUAGES CXX)
 
 ################################################################################
 # Project version
diff --git a/RELEASE_NOTES b/RELEASE_NOTES
index 4a423b536..89f839cae 100644
--- a/RELEASE_NOTES
+++ b/RELEASE_NOTES
@@ -10,6 +10,7 @@ Version 4.8.next
     option, but at this point does not translate into benefits. It is currently 
     turned off by default.
 
+
 Version 4.8.11
 ==============
   - self-contained character theory, direct support for UTF8, Unicode character sets.
diff --git a/scripts/mk_project.py b/scripts/mk_project.py
index b5ed1a070..4e7c0e97b 100644
--- a/scripts/mk_project.py
+++ b/scripts/mk_project.py
@@ -8,7 +8,7 @@
 from mk_util import *
 
 def init_version():
-    set_version(4, 8, 11, 0)
+    set_version(4, 8, 12, 0)
     
 # Z3 Project definition
 def init_project_def():