diff --git a/changelog.txt b/changelog.txt
index bbf110e00e..ee0428c6e5 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,3 +1,13 @@
+1.1.2-RC2 (2011-07-30)
+------------------------------------------------------------------------
+- Fix: Cost of adding an extra road type to a bridge or tunnel was undercalculated [FS#4680, FS#4681] (r22700, r22699)
+- Fix: Only insert cleared object tiles into _cleared_object_areas if clearing actually succeeds, else subsequential tests of the same tile will be skipped and considered successful [FS#4694] (r22698)
+- Fix: When building a house it could be built at the wrong place if multitile houses failed some tests (r22697)
+- Fix: [Network] Failed network address resolving could trigger temporary freezes [FS#4697] (r22696, r22695)
+- Fix: [NewGRF] The override managers were not reset in some cases like creating a new scenario [FS#4691] (r22693)
+- Fix: [NewGRF] Aircrafts defined with IDs above the default aircrafts always defaulted to passenger cargo (r22690)
+
+
 1.1.2-RC1 (2011-07-24)
 ------------------------------------------------------------------------
 - Change: [NewGRF] Only allow access (via hotkey and menu) to the bounding box visualisation when NewGRF developer tools are enabled (r22675)
diff --git a/known-bugs.txt b/known-bugs.txt
index 1fafc5fab0..c9389bb13e 100644
--- a/known-bugs.txt
+++ b/known-bugs.txt
@@ -1,6 +1,6 @@
 OpenTTD's known bugs
-Last updated:    2011-07-24
-Release version: 1.1.2-RC1
+Last updated:    2011-07-30
+Release version: 1.1.2-RC2
 ------------------------------------------------------------------------
 
 
@@ -40,7 +40,6 @@ we only apply bug fixes provided by the community but we are unable to fix
 these bugs ourselves.
 
 - 4695  [OSX] Crash when switching to full screen with OS X Lion
-- 4694  HQ (partly) destroyed when funding town
 - 4689  [OSX] Crash when hiding window after coming from full screen
 - 4594  [Windows] Minimizing the windows when a modal error message is
         shown makes it difficult to exit the game
diff --git a/os/debian/changelog b/os/debian/changelog
index be42ea7002..9d1293c2bf 100644
--- a/os/debian/changelog
+++ b/os/debian/changelog
@@ -1,3 +1,9 @@
+openttd (1.1.2~RC2) unstable; urgency=low
+
+  * New upstream release 1.1.2-RC2
+
+ -- Matthijs Kooijman <matthijs@stdin.nl>  Sat, 30 Jul 2011 21:00:00 +0200
+
 openttd (1.1.2~RC1) unstable; urgency=low
 
   * New upstream release 1.1.2-RC1
diff --git a/os/os2/installer/make_installer.cmd b/os/os2/installer/make_installer.cmd
index 49f419da6a..902e6ca11d 100644
--- a/os/os2/installer/make_installer.cmd
+++ b/os/os2/installer/make_installer.cmd
@@ -1,6 +1,6 @@
 @echo off
 
-set OPENTTD_VERSION=1.1.2-RC1
+set OPENTTD_VERSION=1.1.2-RC2
 set OPENSFX_VERSION=0.8.0
 set NOSOUND_VERSION=0.8.0
 set OPENGFX_VERSION=0.7.0
diff --git a/os/windows/installer/install.nsi b/os/windows/installer/install.nsi
index 9e2e250707..d33d67af6e 100644
--- a/os/windows/installer/install.nsi
+++ b/os/windows/installer/install.nsi
@@ -2,8 +2,8 @@
 !define APPV_MAJOR 1
 !define APPV_MINOR 1
 !define APPV_MAINT 2
-!define APPV_BUILD 0
-!define APPV_EXTRA "-RC1"
+!define APPV_BUILD 1
+!define APPV_EXTRA "-RC2"
 
 !define APPNAME "OpenTTD"   ; Define application name
 !define APPVERSION "${APPV_MAJOR}.${APPV_MINOR}.${APPV_MAINT}${APPV_EXTRA}"  ; Define application version
diff --git a/readme.txt b/readme.txt
index 624887393a..059ba544b7 100644
--- a/readme.txt
+++ b/readme.txt
@@ -1,6 +1,6 @@
 OpenTTD readme
-Last updated:    2011-07-24
-Release version: 1.1.2-RC1
+Last updated:    2011-07-30
+Release version: 1.1.2-RC2
 ------------------------------------------------------------------------