diff --git a/oscar/VERSION b/oscar/VERSION
index daf1d391..3565f3f7 100644
--- a/oscar/VERSION
+++ b/oscar/VERSION
@@ -1,5 +1,5 @@
 // Update the string below to set OSCAR's version and release status.
 // See https://semver.org/spec/v2.0.0.html for details on format.
 
-#define VERSION "1.1.2-alpha-0"
+#define VERSION "1.2.0-beta-1"