diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5ea4097..401014d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+# 1.2.1 (July 30, 2022)
+
+### Fixed
+
+- Fix unbounded memory growth when using `reserve` (#560)
+
 # 1.2.0 (July 19, 2022)
 
 ### Added
diff --git a/Cargo.toml b/Cargo.toml
index c3396e9..bd6ebfd 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -4,7 +4,7 @@ name = "bytes"
 # When releasing to crates.io:
 # - Update CHANGELOG.md.
 # - Create "v1.x.y" git tag.
-version = "1.2.0"
+version = "1.2.1"
 license = "MIT"
 authors = [
     "Carl Lerche <me@carllerche.com>",