diff --git a/CHANGES b/CHANGES
new file mode 100644
index 0000000..21a7e06
--- /dev/null
+++ b/CHANGES
@@ -0,0 +1,7 @@
+MarkupSafe Changelog
+====================
+
+Version 0.12
+------------
+
+- improved PyPy compatibility
diff --git a/setup.py b/setup.py
index 9897009..56b2e26 100644
--- a/setup.py
+++ b/setup.py
@@ -63,7 +63,7 @@
         features['speedups'] = speedups
     setup(
         name='MarkupSafe',
-        version='0.11',
+        version='0.12',
         url='http://dev.pocoo.org/',
         license='BSD',
         author='Armin Ronacher',