diff --git a/CHANGELOG.md b/CHANGELOG.md
index aa5927b2eab2bb99736e2d88560902264af6ba4b..6b7d64524aa9ddb2654b569fce3a02df8ea55200 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,23 +5,7 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [1.2.0] - Unreleased
-
-### Added
-
--
-
-### Changed
-
--
-
-### Deprecated
-
--
-
-### Removed
-
--
+## [1.2.0] - 2020-01-08
 
 ### Fixed
 
@@ -29,10 +13,6 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Frame preloading (<https://github.com/openvinotoolkit/cvat/pull/2608>)
 - Project cannot be removed from the project page (<https://github.com/openvinotoolkit/cvat/pull/2626>)
 
-### Security
-
--
-
 ## [1.2.0-beta] - 2020-12-15
 
 ### Added
diff --git a/cvat/__init__.py b/cvat/__init__.py
index 078e6b55bd18de4f33413a7eb695e3cdb6b9719f..625c22d935f5288bc90b03aa6b19d8a338ee10f9 100644
--- a/cvat/__init__.py
+++ b/cvat/__init__.py
@@ -4,6 +4,6 @@
 
 from cvat.utils.version import get_version
 
-VERSION = (1, 2, 0, 'rc', 0)
+VERSION = (1, 2, 0, 'final', 0)
 
 __version__ = get_version(VERSION)