diff --git a/CHANGES b/CHANGES
index 5043bc9f9d..b526c58ce3 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,3 +1,5 @@
+2012.08, Not released yet:
+
 2012.05, Released May 30th, 2012:
 
 	Updated/fixed packages: busybox, netsnmp, pptp-linux
diff --git a/Makefile b/Makefile
index 98e1a51876..9a9634d549 100644
--- a/Makefile
+++ b/Makefile
@@ -24,7 +24,7 @@
 #--------------------------------------------------------------
 
 # Set and export the version string
-export BR2_VERSION:=2012.05
+export BR2_VERSION:=2012.08-git
 
 # Check for minimal make version (note: this check will break at make 10.x)
 MIN_MAKE_VERSION=3.81