diff --git a/changelog.txt b/changelog.txt
index e005b23302..188887bc96 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,3 +1,20 @@
+1.2.0-RC2 (2012-03-04)
+------------------------------------------------------------------------
+- Fix: [Script] AI used in names in API for GSOrder [FS#5088] (r24006)
+- Fix: Improve rounding when converting display speeds to internal speeds [FS#5079] (r23995)
+- Fix: Also reset the font glyph cache when switching blitters (r23992, r23987)
+- Fix: [NewGRF] Also display the cargo subtype for vehicles which have no capacity, but a subtype [FS#5076] (r23991)
+- Fix: Zero the offsets of disabled zoomlevels, so they do not influence offset calculations (r23989)
+- Fix: Invalid reads when scaling an odd-sized sprite smaller (r23986)
+- Fix: Inconsistent quit/abandon/exit game/scenario/editor strings [FS#5074] (r23985)
+- Fix: Fix the order of lights on the helipad [FS#5082] (r23984)
+- Fix: Tarred heightmaps would not be found [FS#5083] (r23983)
+- Fix: Do not load a game during UpdateWindows as that might trigger changing the blitter which triggers re-entrant locking (r23980, r23977)
+- Fix: [SDL] Palette update was done too late making switching from 8bpp -> 32bpp look ugly (r23978)
+- Fix: Sprites of different zoom levels were not always padded correctly to a common size (r23976)
+- Fix: Also save the maximum travel speed for the current vehicle order (r23973)
+
+
 1.2.0-RC1 (2012-02-19)
 ------------------------------------------------------------------------
 - Feature: [NewGRF] Customisable tunnel portals for rail types (r23952)
diff --git a/known-bugs.txt b/known-bugs.txt
index 45649e0720..1313ce7bc0 100644
--- a/known-bugs.txt
+++ b/known-bugs.txt
@@ -1,6 +1,6 @@
 OpenTTD's known bugs
-Last updated:    2012-02-19
-Release version: 1.2.0-RC1
+Last updated:    2012-03-04
+Release version: 1.2.0-RC2
 ------------------------------------------------------------------------
 
 
diff --git a/os/debian/changelog b/os/debian/changelog
index bac4eb08a1..2088e47723 100644
--- a/os/debian/changelog
+++ b/os/debian/changelog
@@ -1,3 +1,9 @@
+openttd (1.2.0~RC2) unstable; urgency=low
+
+  * New upstream release 1.2.0-RC2
+
+ -- Matthijs Kooijman <matthijs@stdin.nl>  Sun, 04 Mar 2012 18:00:00 +0100
+
 openttd (1.2.0~RC1) unstable; urgency=low
 
   * New upstream release 1.2.0-RC1
diff --git a/os/os2/installer/make_installer.cmd b/os/os2/installer/make_installer.cmd
index f102a14ab9..606a505a42 100644
--- a/os/os2/installer/make_installer.cmd
+++ b/os/os2/installer/make_installer.cmd
@@ -1,6 +1,6 @@
 @echo off
 
-set OPENTTD_VERSION=1.2.0-RC1
+set OPENTTD_VERSION=1.2.0-RC2
 set OPENSFX_VERSION=0.8.0
 set NOSOUND_VERSION=0.8.0
 set OPENGFX_VERSION=1.2.0
diff --git a/os/windows/installer/install.nsi b/os/windows/installer/install.nsi
index 26fafde121..490d0ba737 100644
--- a/os/windows/installer/install.nsi
+++ b/os/windows/installer/install.nsi
@@ -2,8 +2,8 @@
 !define APPV_MAJOR 1
 !define APPV_MINOR 2
 !define APPV_MAINT 0
-!define APPV_BUILD 4
-!define APPV_EXTRA "-RC1"
+!define APPV_BUILD 5
+!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 2d6cfcf776..975b46330b 100644
--- a/readme.txt
+++ b/readme.txt
@@ -1,6 +1,6 @@
 OpenTTD readme
-Last updated:    2012-02-19
-Release version: 1.2.0-RC1
+Last updated:    2012-03-04
+Release version: 1.2.0-RC2
 ------------------------------------------------------------------------