diff --git a/NEWS b/NEWS
index 721d5282a..e62b1989c 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,15 @@
+Overview of changes leading to 1.2.7
+Monday, May 2, 2016
+====================================
+
+- Blacklist another version of Times New Roman (Bold) Italic from Windows 7.
+- Fix Mongolian Free Variation Selectors shaping with certain fonts.
+- Fix Tibetan shorthand contractions shaping.
+- Improved list of language tag mappings.
+- Unbreak build on Windows CE.
+- Make 'glyf' table loading lazy in hb-ot-font.
+
+
 Overview of changes leading to 1.2.6
 Friday, April 8, 2016
 ====================================
diff --git a/configure.ac b/configure.ac
index 44621c9a8..5ffd494ad 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.64])
 AC_INIT([HarfBuzz],
-        [1.2.6],
+        [1.2.7],
         [http://bugs.freedesktop.org/enter_bug.cgi?product=harfbuzz],
         [harfbuzz],
         [http://harfbuzz.org/])