diff --git a/lib/py/setup.py b/lib/py/setup.py
index 6ee28df..2043ab0 100644
--- a/lib/py/setup.py
+++ b/lib/py/setup.py
@@ -90,7 +90,7 @@
     twisted_deps = ['twisted']
 
     setup(name='thrift',
-          version='0.12.0',
+          version='0.12.1',
           description='Python bindings for the Apache Thrift RPC system',
           author='Thrift Developers',
           author_email='dev@thrift.apache.org',