diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9959b2eb01..08e3038064 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 This contains only the most important and/or user-facing changes; for a full changelog, see the commit history.
 
+## [1.2.48](https://github.com/ably/ably-js/tree/1.2.48) (2023-11-20)
+
+- Enable 'derived' options in 'useChannel' hook (by @rustworthy) [\#1501](https://github.com/ably/ably-js/pull/1501)
+- fix: use 'ably' as import path from react-hooks [\#1509](https://github.com/ably/ably-js/pull/1509)
+
 ## [1.2.47](https://github.com/ably/ably-js/tree/1.2.47) (2023-11-02)
 
 - fix(react): fix issue where useChannel would error upon router navigation or hmr [\#1478](https://github.com/ably/ably-js/pull/1478)
diff --git a/package-lock.json b/package-lock.json
index 4183a572d5..29d827aa64 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "ably",
-  "version": "1.2.47",
+  "version": "1.2.48",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "ably",
-      "version": "1.2.47",
+      "version": "1.2.48",
       "license": "Apache-2.0",
       "dependencies": {
         "@ably/msgpack-js": "^0.4.0",
diff --git a/package.json b/package.json
index 1381f78e41..e1e886150b 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "ably",
   "description": "Realtime client library for Ably, the realtime messaging service",
-  "version": "1.2.47",
+  "version": "1.2.48",
   "license": "Apache-2.0",
   "bugs": {
     "url": "https://github.com/ably/ably-js/issues",