diff --git a/docs/community/release-notes.md b/docs/community/release-notes.md
index 49fb655b0..72e6b466b 100644
--- a/docs/community/release-notes.md
+++ b/docs/community/release-notes.md
@@ -38,6 +38,22 @@ You can determine your currently installed version using `pip show`:
 
 ### 3.12.2
 
+Date: 25th March 2021
+
+* Properly handle ATOMIC_REQUESTS when multiple database configurations are used. [#7739]
+* Bypass `COUNT` query when `LimitOffsetPagination` is configured but pagination params are not included on the request. [#6098]
+* Respect `allow_null=True` on `DecimalField`. [#7718]
+* Allow title cased `"Yes"`/`"No"` values with `BooleanField`. [#7739]
+* Add `PageNumberPagination.get_page_number()` method for overriding behavior. [#7652]
+* Fixed rendering of timedelta values in OpenAPI schemas, when present as default, min, or max fields. [#7641]
+* Render JSONFields with indentation in browsable API forms. [#6243]
+* Remove unnecessary database query in admin Token views. [#7852]
+* Raise validation errors when bools are passed to `PrimaryKeyRelatedField` fields, instead of casting to ints. [#7597]
+* Don't include model properties as automatically generated ordering fields with `OrderingFilter`. [#7609]
+* Use `deque` instead of `list` for tracking throttling `.history`. [#7849]
+
+### 3.12.2
+
 Date: 13th October 2020
 
 * Fix issue if `rest_framework.authtoken.models` is imported, but `rest_framework.authtoken` is not in INSTALLED_APPS. [#7571]
diff --git a/rest_framework/__init__.py b/rest_framework/__init__.py
index 7ff188a5a..eb5d605b9 100644
--- a/rest_framework/__init__.py
+++ b/rest_framework/__init__.py
@@ -10,7 +10,7 @@ ______ _____ _____ _____    __
 import django
 
 __title__ = 'Django REST framework'
-__version__ = '3.12.2'
+__version__ = '3.12.3'
 __author__ = 'Tom Christie'
 __license__ = 'BSD 3-Clause'
 __copyright__ = 'Copyright 2011-2019 Encode OSS Ltd'