diff --git a/git.json b/git.json
index b35110847b..07e839b3e4 100644
--- a/git.json
+++ b/git.json
@@ -2,15 +2,15 @@
     "_comment": "Maintainers: when updating this manifest to a new version, you might like to also update git-with-openssh.json",
     "homepage": "https://git-for-windows.github.io/",
     "license": "GPL2",
-    "version": "2.12.0.windows.1",
+    "version": "2.12.1.windows.1",
     "architecture": {
         "64bit": {
-            "url": "https://github.com/git-for-windows/git/releases/download/v2.12.0.windows.1/PortableGit-2.12.0-64-bit.7z.exe#/dl.7z",
-            "hash": "5bebd0ee21e5cf3976bc71826a28b2663c7a0c9b5c98f4ab46ff03c3c0d3556f"
+            "url": "https://github.com/git-for-windows/git/releases/download/v2.12.1.windows.1/PortableGit-2.12.1-64-bit.7z.exe#/dl.7z",
+            "hash": "8b0000297c9501de2cbb007f97c69e7541869137a757bba81673685665b7de28"
         },
         "32bit": {
-            "url": "https://github.com/git-for-windows/git/releases/download/v2.12.0.windows.1/PortableGit-2.12.0-32-bit.7z.exe#/dl.7z",
-            "hash": "0375ba0a05f9cd501cc8089b9af6f2adf8904a5efb1e5b9421e6561bd9f8c817"
+            "url": "https://github.com/git-for-windows/git/releases/download/v2.12.1.windows.1/PortableGit-2.12.1-32-bit.7z.exe#/dl.7z",
+            "hash": "2f9d2bdf52a7a3855d97a8551162436d7b8d153ea2b823d6be67997aad7a1d23"
         }
     },
     "bin": [