diff --git a/VERSION b/VERSION
index d9df1bbc0..ac454c6a1 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.11.0
+0.12.0
diff --git a/cmd/restic/global.go b/cmd/restic/global.go
index 76a0e33cb..3baa5803d 100644
--- a/cmd/restic/global.go
+++ b/cmd/restic/global.go
@@ -39,7 +39,7 @@ import (
 	"golang.org/x/crypto/ssh/terminal"
 )
 
-var version = "0.11.0-dev (compiled manually)"
+var version = "0.12.0"
 
 // TimeFormat is the format used for all timestamps printed by restic.
 const TimeFormat = "2006-01-02 15:04:05"