diff --git a/Cargo.lock b/Cargo.lock
index e3366fad3..782e65301 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -186,7 +186,7 @@ dependencies = [
 
 [[package]]
 name = "cloud-hypervisor"
-version = "20.0.0"
+version = "20.1.0"
 dependencies = [
  "anyhow",
  "api_client",
diff --git a/Cargo.toml b/Cargo.toml
index 0d806cf95..3b82b011c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "cloud-hypervisor"
-version = "20.0.0"
+version = "20.1.0"
 authors = ["The Cloud Hypervisor Authors"]
 edition = "2018"
 default-run = "cloud-hypervisor"
diff --git a/release-notes.md b/release-notes.md
index 23b02e57a..0173b9810 100644
--- a/release-notes.md
+++ b/release-notes.md
@@ -1,3 +1,4 @@
+- [v20.1](#v201)
 - [v20.0](#v200)
     - [Multiple PCI segments support](#multiple-pci-segments-support)
     - [CPU pinning](#cpu-pinning)
@@ -176,6 +177,16 @@
     - [Unit testing](#unit-testing)
     - [Integration tests parallelization](#integration-tests-parallelization)
 
+# v20.1
+
+This is a bug fix release. The following issues have been addressed:
+
+* Networking performance regression with `virtio-net` (#3450)
+* Limit file descriptors sent in `vfio-user` support (#3401)
+* Fully advertise PCI MMIO config regions in ACPI tables (#3432)
+* Set the TSS and KVM identity maps so they don't overlap with firmware RAM
+* Correctly update the `DeviceTree` on restore
+
 # v20.0
 
 This release has been tracked through the [v20.0
diff --git a/rpm/cloud-hypervisor.spec b/rpm/cloud-hypervisor.spec
index 27a8a26f6..03b41f592 100644
--- a/rpm/cloud-hypervisor.spec
+++ b/rpm/cloud-hypervisor.spec
@@ -9,7 +9,7 @@
 
 Name:           cloud-hypervisor
 Summary:        Cloud Hypervisor is an open source Virtual Machine Monitor (VMM) that runs on top of KVM.
-Version:        20.0
+Version:        20.1
 Release:        0%{?dist}
 License:        ASL 2.0 or BSD-3-clause
 Group:          Applications/System
@@ -112,6 +112,9 @@ rm -rf %{buildroot}
 
 
 %changelog
+*   Mon Dec 13 2021 Rob Bradford <robert.bradford@intel.com> 20.1-0
+-   Update to 20.1
+
 *   Thu Dec 02 2021 Sebastien Boeuf <sebastien.boeuf@intel.com> 20.0-0
 -   Update to 20.0