diff --git a/CHANGELOG.md b/CHANGELOG.md
index 20531a76..c4929727 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Change Log
 
+## [v1.2.2](https://github.com/ably/ably-python/tree/v1.2.2)
+
+[Full Changelog](https://github.com/ably/ably-python/compare/v1.2.1...v1.2.2)
+
+- Upgrade httpx and respx dependencies [\#369](https://github.com/ably/ably-python/pull/369)
+
 ## [v1.2.1](https://github.com/ably/ably-python/tree/v1.2.1)
 
 [Full Changelog](https://github.com/ably/ably-python/compare/v1.2.0...v1.2.1)
diff --git a/ably/__init__.py b/ably/__init__.py
index 578a1537..9782ea44 100644
--- a/ably/__init__.py
+++ b/ably/__init__.py
@@ -14,4 +14,4 @@
 logger.addHandler(logging.NullHandler())
 
 api_version = '1.2'
-lib_version = '1.2.1'
+lib_version = '1.2.2'
diff --git a/pyproject.toml b/pyproject.toml
index 9e9d0c26..fc106f9e 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "ably"
-version = "1.2.1"
+version = "1.2.2"
 description = "Python REST client library SDK for Ably realtime messaging service"
 license = "Apache-2.0"
 authors = ["Ably <support@ably.com>"]