diff --git a/.VERSION b/.VERSION
new file mode 100644
index 00000000..83300500
--- /dev/null
+++ b/.VERSION
@@ -0,0 +1,12 @@
+$Format:%d%n%n$
+# Fall back version, probably last release:
+1.2.1
+
+# AMG4PSBLAS version file.
+#
+# Release archive created from commit:
+# $Format:%H %d$
+# $Format:Created on %ci by %cN, and$
+# $Format:signed by %GS using %GK.$
+# $Format:Signature status: %G?$
+$Format:%GG$
diff --git a/amgprec/amg_base_prec_type.F90 b/amgprec/amg_base_prec_type.F90
index 769593af..9bf905f6 100644
--- a/amgprec/amg_base_prec_type.F90
+++ b/amgprec/amg_base_prec_type.F90
@@ -84,7 +84,7 @@ module amg_base_prec_type
   character(len=*), parameter   :: amg_version_string_ = "1.2.0"
   integer(psb_ipk_), parameter  :: amg_version_major_  = 1
   integer(psb_ipk_), parameter  :: amg_version_minor_  = 2
-  integer(psb_ipk_), parameter  :: amg_patchlevel_     = 0
+  integer(psb_ipk_), parameter  :: amg_patchlevel_     = 1
 
   type amg_ml_parms
     integer(psb_ipk_) :: sweeps_pre, sweeps_post