diff --git a/Makefile b/Makefile
index 27c69627d1434e4e525926cfb69f4f793c6f6223..e3a27c624939d10c584781582e83749378cfa594 100644
--- a/Makefile
+++ b/Makefile
@@ -22,9 +22,9 @@
 #
 
 VERSION = 2012
-PATCHLEVEL = 07
+PATCHLEVEL = 10
 SUBLEVEL =
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 ifneq "$(SUBLEVEL)" ""
 U_BOOT_VERSION = $(VERSION).$(PATCHLEVEL).$(SUBLEVEL)$(EXTRAVERSION)
 else