diff --git a/lib/rugged/version.rb b/lib/rugged/version.rb
index a0c793af5..590c5e68c 100644
--- a/lib/rugged/version.rb
+++ b/lib/rugged/version.rb
@@ -4,5 +4,5 @@
 # For full terms see the included LICENSE file.
 
 module Rugged
-  Version = VERSION = '1.1.0'
+  Version = VERSION = '1.2.0'
 end
diff --git a/vendor/libgit2 b/vendor/libgit2
index 868f4bcb4..4fd32be01 160000
--- a/vendor/libgit2
+++ b/vendor/libgit2
@@ -1 +1 @@
-Subproject commit 868f4bcb4d3290f4b5320f030fccdf1e7fc8ac8a
+Subproject commit 4fd32be01c79a5c003bb47674ac1d76d948518b7