diff --git a/CHANGES.md b/CHANGES.md
index f794c585b..5b97d7ff8 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,14 @@
+Synapse 1.12.1rc1 (2020-03-31)
+==============================
+
+Bugfixes
+--------
+
+- Fix starting workers when federation sending not split out. ([\#7133](https://github.com/matrix-org/synapse/issues/7133))
+- Avoid importing `sqlite3` when using the postgres backend. Contributed by David Vo. ([\#7155](https://github.com/matrix-org/synapse/issues/7155))
+- Fix a bug which could cause outbound federation traffic to stop working if a client uploaded an incorrect e2e device signature. ([\#7177](https://github.com/matrix-org/synapse/issues/7177))
+
+
 Synapse 1.12.0 (2020-03-23)
 ===========================
 
diff --git a/changelog.d/7133.bugfix b/changelog.d/7133.bugfix
deleted file mode 100644
index 61a86fd34..000000000
--- a/changelog.d/7133.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix starting workers when federation sending not split out.
diff --git a/changelog.d/7155.bugfix b/changelog.d/7155.bugfix
deleted file mode 100644
index 0bf51e7ab..000000000
--- a/changelog.d/7155.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Avoid importing `sqlite3` when using the postgres backend. Contributed by David Vo.
diff --git a/changelog.d/7177.bugfix b/changelog.d/7177.bugfix
deleted file mode 100644
index 329a96cb0..000000000
--- a/changelog.d/7177.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix a bug which could cause outbound federation traffic to stop working if a client uploaded an incorrect e2e device signature.
\ No newline at end of file
diff --git a/synapse/__init__.py b/synapse/__init__.py
index 5b8600894..c3c5b20f1 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -36,7 +36,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.12.0"
+__version__ = "1.12.1rc1"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when