diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8cf8536..42c76d7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,16 @@ See updating [Changelog example here](https://keepachangelog.com/en/1.0.0/)
 
 ## [Unreleased]
 
+## [1.2.0]
+
+### Added
+- controller: support for standard storage tier
+
+### Changed
+- update upcloud-go-api to v8.6.1
+- update Go to 1.22
+- update Docker image to Alpine 3.20
+
 ## [1.1.0]
 
 ### Added
@@ -20,7 +30,8 @@ See updating [Changelog example here](https://keepachangelog.com/en/1.0.0/)
 
 First stable release
 
-[Unreleased]: https://github.com/UpCloudLtd/upcloud-csi/compare/v1.1.0...HEAD
+[Unreleased]: https://github.com/UpCloudLtd/upcloud-csi/compare/v1.2.0...HEAD
+[1.2.0]: https://github.com/UpCloudLtd/upcloud-csi/compare/v1.1.0...v1.2.0
 [1.1.0]: https://github.com/UpCloudLtd/upcloud-csi/compare/v1.0.1...v1.1.0
 [1.0.1]: https://github.com/UpCloudLtd/upcloud-csi/compare/v1.0.0...v1.0.1
 [1.0.0]: https://github.com/UpCloudLtd/upcloud-csi/releases/tag/1.0.0