diff --git a/setup.py b/setup.py
index 78c1582b..db9a9439 100755
--- a/setup.py
+++ b/setup.py
@@ -81,7 +81,7 @@
 
 setup(
   name = 'tuf',
-  version = '0.12.0', # If updating version, also update it in tuf/__init__.py
+  version = '0.12.1', # If updating version, also update it in tuf/__init__.py
   description = 'A secure updater framework for Python',
   long_description = long_description,
   long_description_content_type='text/markdown',
diff --git a/tuf/__init__.py b/tuf/__init__.py
index 6a88ce6a..68fd201a 100755
--- a/tuf/__init__.py
+++ b/tuf/__init__.py
@@ -2,7 +2,7 @@
 # setup.py has it hard-coded separately.
 # Currently, when the version is changed, it must be set in both locations.
 # TODO: Single-source the version number.
-__version__ = "0.12.0"
+__version__ = "0.12.1"
 
 # This reference implementation produces metadata intended to conform to
 # version 1.0.0 of the TUF specification, and is expected to consume metadata