diff --git a/ChangeLog b/ChangeLog
index d275fd9b6..8c39f7ba5 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+2011-01-16  Vladimir Serbinenko  <phcoder@gmail.com>
+
+	* configure.ac: Bump version to 1.99~rc1.
+
 2011-01-15  Vladimir Serbinenko  <phcoder@gmail.com>
 
 	* util/grub-mkimage.c (generate_image): Check fwstart.img checksum
diff --git a/configure.ac b/configure.ac
index 0b9207ea2..c660ac41e 100644
--- a/configure.ac
+++ b/configure.ac
@@ -32,7 +32,7 @@ dnl type, so there is no conflict. Variables with the prefix "TARGET_"
 dnl (such as TARGET_CC, TARGET_CFLAGS, etc.) are used for the target
 dnl type.
 
-AC_INIT([GRUB],[1.99~beta0],[bug-grub@gnu.org])
+AC_INIT([GRUB],[1.99~rc1],[bug-grub@gnu.org])
 
 AC_CONFIG_AUX_DIR([build-aux])