diff --git a/CHANGELOG.asciidoc b/CHANGELOG.asciidoc
index d0baeb4a6..af525fd33 100644
--- a/CHANGELOG.asciidoc
+++ b/CHANGELOG.asciidoc
@@ -20,6 +20,12 @@ endif::[]
 
 // Using the template above, release notes go here.
 // CHANGELOG_AUTOMATION_KEYWORD
+[[release-notes-v1.12.0]]
+=== v1.12.0 - 2024/01/15
+==== Features
+* Removed limitation that required to reinstall the agent after PHP upgrade {pull}#1115[#1115]
+* Fixed "malformed UTF-8 characters" issue {pull}#1120[#1120]
+
 [[release-notes-v1.11.0]]
 === v1.11.0 - 2024/01/04
 ==== Features
diff --git a/agent/native/libcommon/code/elastic_apm_version.h b/agent/native/libcommon/code/elastic_apm_version.h
index 56372cca1..4ea9870e7 100644
--- a/agent/native/libcommon/code/elastic_apm_version.h
+++ b/agent/native/libcommon/code/elastic_apm_version.h
@@ -18,4 +18,4 @@
  */
 #pragma once
 
-#define PHP_ELASTIC_APM_VERSION "1.11.0"
+#define PHP_ELASTIC_APM_VERSION "1.12.0"
diff --git a/agent/php/ElasticApm/ElasticApm.php b/agent/php/ElasticApm/ElasticApm.php
index f3720e147..d52471990 100644
--- a/agent/php/ElasticApm/ElasticApm.php
+++ b/agent/php/ElasticApm/ElasticApm.php
@@ -35,7 +35,7 @@ final class ElasticApm
 {
     use StaticClassTrait;
 
-    public const VERSION = '1.11.0';
+    public const VERSION = '1.12.0';
 
     /**
      * Begins a new transaction and sets it as the current transaction.
diff --git a/docs/release-notes.asciidoc b/docs/release-notes.asciidoc
index 745746db4..b5132d071 100644
--- a/docs/release-notes.asciidoc
+++ b/docs/release-notes.asciidoc
@@ -3,6 +3,7 @@
 [[release-notes]]
 == Release notes
 
+* <<release-notes-v1.12.0>>
 * <<release-notes-v1.11.0>>
 * <<release-notes-v1.10.0>>
 * <<release-notes-v1.9.1>>