diff --git a/NEWS b/NEWS
index 38c0812490..4d908a4628 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,6 @@
+Overview of Changes in 4.12.3, xx-xx-xxxx
+=========================================
+
 Overview of Changes in 4.12.2, 20-09-2023
 =========================================
 
diff --git a/meson.build b/meson.build
index 66545a5b08..998f4c08f2 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gtk', 'c',
-        version: '4.12.2',
+        version: '4.12.3',
         default_options: [
           'buildtype=debugoptimized',
           'warning_level=1',