diff --git a/_service b/_service
index 09a027c..3fb0c60 100644
--- a/_service
+++ b/_service
@@ -5,7 +5,7 @@
     <param name="package-meta">no</param>
     <param name="exclude">.git</param>
     <param name="filename">libpsm2</param>
-    <param name="version">11.2.230</param>
+    <param name="version">12.0.1</param>
     <param name="versionrewrite-pattern">PSM2_(.*)(nccl)\?</param>
     <param name="versionrewrite-replacement">\1</param>
     <param name="match-tag">PSM2_*</param>
diff --git a/libpsm2-11.2.230.tar.bz2 b/libpsm2-11.2.230.tar.bz2
deleted file mode 100644
index 1d6d5d8..0000000
--- a/libpsm2-11.2.230.tar.bz2
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:452373ed6061f16eca49959321b1521f20c61e7e32ef2ca035ed98d116adb191
-size 364544
diff --git a/libpsm2-12.0.1.tar.bz2 b/libpsm2-12.0.1.tar.bz2
new file mode 100644
index 0000000..29793c4
--- /dev/null
+++ b/libpsm2-12.0.1.tar.bz2
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:5b6c6be858697a5f1e3133fc33c20e9f5e581a10d5114e121a3bcf138082963c
+size 364550
diff --git a/libpsm2.changes b/libpsm2.changes
index d60bc7d..ccab54b 100644
--- a/libpsm2.changes
+++ b/libpsm2.changes
@@ -1,3 +1,9 @@
+-------------------------------------------------------------------
+Tue Jul 25 12:47:30 UTC 2023 - Nicolas Morey <nicolas.morey@suse.com>
+
+- Update to 12.0.1
+  - Fix memory leak in psmi_shm_create
+
 -------------------------------------------------------------------
 Thu Sep 15 09:25:57 UTC 2022 - Nicolas Morey-Chaisemartin <nmoreychaisemartin@suse.com>
 
diff --git a/libpsm2.spec b/libpsm2.spec
index 274fd7f..a142824 100644
--- a/libpsm2.spec
+++ b/libpsm2.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package libpsm2
 #
-# Copyright (c) 2022 SUSE LLC
+# Copyright (c) 2023 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -25,7 +25,7 @@
 %endif
 
 Name:           libpsm2
-Version:        11.2.230
+Version:        12.0.1
 Release:        0
 Summary:        Intel PSM Messaging API libraries
 License:        BSD-2-Clause OR GPL-2.0-only