diff --git a/Makefile.versions b/Makefile.versions
index 7d41a2a0..6673aec8 100644
--- a/Makefile.versions
+++ b/Makefile.versions
@@ -1,5 +1,5 @@
 VERSION_MAJOR := 1
-VERSION_MINOR := 1
+VERSION_MINOR := 2
 VERSION_SUBLEVEL := 0
 VERSION_EXTRA :=
 VERSION := $(VERSION_MAJOR)$(if $(VERSION_MINOR),.$(VERSION_MINOR))$(if $(VERSION_SUBLEVEL),.$(VERSION_SUBLEVEL))$(if $(VERSION_EXTRA),.$(VERSION_EXTRA))