diff --git a/.gitignore b/.gitignore
index 29996ea..e6f2bba 100644
--- a/.gitignore
+++ b/.gitignore
@@ -51,3 +51,4 @@
 /gst-plugins-base-1.12.0.tar.xz
 /gst-plugins-base-1.12.1.tar.xz
 /gst-plugins-base-1.12.2.tar.xz
+/gst-plugins-base-1.12.3.tar.xz
diff --git a/gstreamer1-plugins-base.spec b/gstreamer1-plugins-base.spec
index 1799cd2..9fda857 100644
--- a/gstreamer1-plugins-base.spec
+++ b/gstreamer1-plugins-base.spec
@@ -5,8 +5,8 @@
 #global shortcommit %(c=%{gitcommit}; echo ${c:0:5})
 
 Name:           gstreamer1-plugins-base
-Version:        1.12.2
-Release:        3%{?gitcommit:.git%{shortcommit}}%{?dist}
+Version:        1.12.3
+Release:        1%{?gitcommit:.git%{shortcommit}}%{?dist}
 Summary:        GStreamer streaming media framework base plugins
 
 License:        LGPLv2+
@@ -429,6 +429,9 @@ chrpath --delete $RPM_BUILD_ROOT%{_bindir}/gst-play-1.0
 
 
 %changelog
+* Tue Sep 19 2017 Wim Taymans <wtaymans@redhat.com> - 1.12.3-1
+- Update to 1.12.3
+
 * Wed Aug 02 2017 Fedora Release Engineering <releng@fedoraproject.org> - 1.12.2-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_27_Binutils_Mass_Rebuild
 
diff --git a/sources b/sources
index ba8373c..19d9590 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (gst-plugins-base-1.12.2.tar.xz) = 628b98ec6a81c6726c74b9936b2df1bd23d55a8f64dffb683fbe62b917fa3fb8c69bfb264aa0099e6e3549ca91e92ce0f8dd8dfc4ca1de4764aef9a978c862c8
+SHA512 (gst-plugins-base-1.12.3.tar.xz) = d32f71836e25081b00040709a2184da85489e5af90902a0b27b820a478f5805bde93a04cefaeabf36dde53c16ad12f2816777cc195f1e027f19d1883e088e2b2