diff --git a/CMakeLists.txt b/CMakeLists.txt
index 7093e679f..d79a01da7 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 4.11.3.0 LANGUAGES CXX)
+project(Z3 VERSION 4.12.0.0 LANGUAGES CXX)
 
 ################################################################################
 # Project version
diff --git a/scripts/mk_project.py b/scripts/mk_project.py
index 2704a8735..60cbdcc56 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, 11, 3, 0) # express a default build version or pick up ci build version
+    set_version(4, 12, 0, 0) # express a default build version or pick up ci build version
     
 # Z3 Project definition
 def init_project_def():
diff --git a/scripts/nightly.yaml b/scripts/nightly.yaml
index ed7c9cb12..55fcb147f 100644
--- a/scripts/nightly.yaml
+++ b/scripts/nightly.yaml
@@ -1,7 +1,7 @@
 variables:
   Major: '4'
-  Minor: '11'
-  Patch: '3'
+  Minor: '12'
+  Patch: '0'
   AssemblyVersion: $(Major).$(Minor).$(Patch).$(Build.BuildId)
   NightlyVersion: $(AssemblyVersion)-$(Build.DefinitionName)
 
diff --git a/scripts/release.yml b/scripts/release.yml
index c48457c1c..53d937b69 100644
--- a/scripts/release.yml
+++ b/scripts/release.yml
@@ -6,7 +6,7 @@
 trigger: none
 
 variables:
-  ReleaseVersion: '4.11.3'
+  ReleaseVersion: '4.12.0'
 
 stages: