diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 50fab729..dbe198d1 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,6 +1,13 @@
 Toolium Changelog
 =================
 
+v1.2.1
+------
+
+*Release date: 2017-01-18*
+
+- Fix error installing Toolium when setuptools version is too old
+
 v1.2.0
 ------
 
diff --git a/VERSION b/VERSION
index 26aaba0e..6085e946 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.2.0
+1.2.1
diff --git a/requirements_dev.txt b/requirements_dev.txt
index b9f5d9cc..2968b9bb 100644
--- a/requirements_dev.txt
+++ b/requirements_dev.txt
@@ -7,4 +7,3 @@ mock==2.0.0
 requests-mock==1.2.0
 coveralls==1.1
 needle==0.4.1
-Pillow==3.2.0 ; python_version < '3'