diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index c4ddc74815..c3f1463970 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.1.1"
+  ".": "1.2.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1c40bc4806..ec1c4c8338 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,34 @@
 # Changelog
 
+## [1.2.0](https://github.com/material-components/material-web/compare/v1.1.1...v1.2.0) (2023-12-28)
+
+
+### Features
+
+* **select:** add keyboard support for arrow end and home ([8912019](https://github.com/material-components/material-web/commit/8912019b902803a018a1d92fb7caaa39369f6cf6))
+* **select:** add menuAlign to allow end-aligning the select menu ([50a9ffa](https://github.com/material-components/material-web/commit/50a9ffae46499ec575a38887b5dcce8f5506e576))
+* **select:** support width fit-content ([4bb9418](https://github.com/material-components/material-web/commit/4bb9418a52564984e32666c9383d8eb262e876cf))
+
+
+### Bug Fixes
+
+* **dialog:** immediate escape key not firing cancel event in Chrome 120 ([be3dc6f](https://github.com/material-components/material-web/commit/be3dc6f6776f86a95619de0d708e2815e744ac6d)), closes [#5313](https://github.com/material-components/material-web/issues/5313)
+* **dialog:** text is now selectable ([4ae9db6](https://github.com/material-components/material-web/commit/4ae9db6c67e3704a7be8bd83dfa18dbd50b7fc94))
+* **labs:** add card support for high contrast mode ([53ec44b](https://github.com/material-components/material-web/commit/53ec44b4b81cbf691a0455efb6d9907957ef1205))
+* **labs:** card content not clickable with outline fix ([9c5cff8](https://github.com/material-components/material-web/commit/9c5cff8f90198860149e6237798e73f2c846a36b)), closes [#5312](https://github.com/material-components/material-web/issues/5312)
+* **progress:** prevent unnecessary animation to run when not visible ([4de5e74](https://github.com/material-components/material-web/commit/4de5e74b5caec5cff0fdb4696cb64790d471170c))
+* rename and move `internal/controller/events` ([eca1357](https://github.com/material-components/material-web/commit/eca1357f1a7d185d4ec8a368f6467f481f9b2798))
+* **select:** expose SelectOption interface ([edb3559](https://github.com/material-components/material-web/commit/edb3559a1ce12d13921d93761bedbfde4c1c7898))
+* **slider:** nested dir attributes do not break on chrome 120+ ([57168f6](https://github.com/material-components/material-web/commit/57168f6a95403cd5a29e2774e42525efeb1e3eae))
+* **tabs:** `--md-elevation-level` no longer leaks into tabs ([ddf1fb0](https://github.com/material-components/material-web/commit/ddf1fb0c613e43d26735832b9fdb1efcf2969949)), closes [#5137](https://github.com/material-components/material-web/issues/5137)
+* **textfield:** counter showing when max length is 0 or removed ([9973b90](https://github.com/material-components/material-web/commit/9973b90981b2414cc18dfb91279f204b7f50c080))
+* **textfield:** remove Firefox high contrast mode background on linux ([926edfb](https://github.com/material-components/material-web/commit/926edfb367de71eed77deaba45a4a7eaa79342fc))
+
+
+### Performance Improvements
+
+* **ripple:** don't process events in high contrast mode ([839667d](https://github.com/material-components/material-web/commit/839667dcf6becda087015edcb5468b8b2107d8c7))
+
 ## [1.1.1](https://github.com/material-components/material-web/compare/v1.1.0...v1.1.1) (2023-12-13)
 
 
diff --git a/package-lock.json b/package-lock.json
index be26131a0b..53e348ad9b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@material/web",
-  "version": "1.1.1",
+  "version": "1.2.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@material/web",
-      "version": "1.1.1",
+      "version": "1.2.0",
       "license": "Apache-2.0",
       "workspaces": [
         "catalog"
diff --git a/package.json b/package.json
index 5c0c27bb26..3ca35e5fdc 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@material/web",
-  "version": "1.1.1",
+  "version": "1.2.0",
   "publishConfig": {
     "access": "public"
   },