diff --git a/CHANGELOG.md b/CHANGELOG.md
index 594f72c2..d4302e63 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 # Changelog
 
-## [Unreleased]
+## [1.2.0-beta.1] - 2021-12-27
 
 ### Added
 - Status bar indicator for connected hub.
@@ -237,7 +237,8 @@ Prerelease changes are documented at [support#48].
 
 <!-- links for version headings -->
 
-[Unreleased]: https://github.com/pybricks/pybricks-code/compare/v1.1.0...HEAD
+[Unreleased]: https://github.com/pybricks/pybricks-code/compare/v1.2.0-beta.1...HEAD
+[1.2.0-beta.1]: https://github.com/pybricks/pybricks-code/compare/v1.1.0...v1.2.0-beta.1
 [1.1.0]: https://github.com/pybricks/pybricks-code/compare/v1.1.0-rc.1...v1.1.0
 [1.1.0-rc.1]: https://github.com/pybricks/pybricks-code/compare/v1.1.0-beta.6...v1.1.0-rc.1
 [1.1.0-beta.6]: https://github.com/pybricks/pybricks-code/compare/v1.1.0-beta.5...v1.1.0-beta.6
diff --git a/package.json b/package.json
index c85639f0..70a67463 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@pybricks/pybricks-code",
-    "version": "1.1.0",
+    "version": "1.2.0-beta.1",
     "license": "MIT",
     "author": "The Pybricks Authors",
     "repository": {