diff --git a/.gitignore b/.gitignore
index a6edde2..e57d129 100644
--- a/.gitignore
+++ b/.gitignore
@@ -23,3 +23,4 @@ freeipmi-0.8.8.tar.gz
 /freeipmi-1.2.1.tar.gz
 /freeipmi-1.2.2.tar.gz
 /freeipmi-1.2.3.tar.gz
+/freeipmi-1.2.4.tar.gz
diff --git a/freeipmi.spec b/freeipmi.spec
index 22667a9..67f8ac7 100644
--- a/freeipmi.spec
+++ b/freeipmi.spec
@@ -5,7 +5,7 @@
 Release: 1%{?dist}
 
 Name: freeipmi
-Version: 1.2.3
+Version: 1.2.4
 License: GPLv3+
 Group: Applications/System
 URL: http://www.gnu.org/software/freeipmi/
@@ -347,6 +347,16 @@ fi
 %dir %{_localstatedir}/cache/ipmiseld
 
 %changelog
+* Fri Jan 11 2013 Ales Ledvinka <aledvink@redhat.com> - 1.2.4-1
+- Updated to freeipmi-1.2.4:
+ - Support Supermicro X9DRI-LN4F+ OEM sensors and events.
+ - Fix output corner case for "session-based" channels.
+ - Fix ipmi-oem set-power-restore-delay corner case in time settings.
+ - Fix ipmiseld memleak.
+ - Fix libfreeipmi potential fd leak when generating random numbers.
+ - Fix libfreeipmi error output bug in RMCP interface.
+ - Fix several minor corner cases discovered by static code analysis.
+
 * Thu Nov 15 2012 Ales Ledvinka <aledvink@redhat.com> - 1.2.3-1
 - Updated to freeipmi-1.2.3:
  - In ipmi-oem, support new Dell Poweredge R720 OEM commands extensions,
diff --git a/sources b/sources
index cdef656..9def9ec 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-b1e21641c31b9d3291bdfe4a2b323d03  freeipmi-1.2.3.tar.gz
+84a004c3908743477968c4ba30276b30  freeipmi-1.2.4.tar.gz