diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1114b9ba2..7868aed5c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Change Log
 
+## [v1.2.4](https://github.com/ably/ably-ruby/tree/v1.2.4)
+
+[Full Changelog](https://github.com/ably/ably-ruby/compare/v1.2.3...v1.2.4)
+
+**Merged pull requests:**
+
+- fix: unpin msgpack dependency minor/patch version [\#382](https://github.com/ably/ably-ruby-rest/pull/29)
+
 ## [v1.2.3](https://github.com/ably/ably-ruby/tree/v1.2.3)
 
 [Full Changelog](https://github.com/ably/ably-ruby/compare/v1.2.2...v1.2.3)
diff --git a/lib/ably/version.rb b/lib/ably/version.rb
index 38781861e..e12034750 100644
--- a/lib/ably/version.rb
+++ b/lib/ably/version.rb
@@ -1,5 +1,5 @@
 module Ably
-  VERSION = '1.2.3'
+  VERSION = '1.2.4'
   PROTOCOL_VERSION = '1.2'
 
   # @api private