diff --git a/README.md b/README.md
index 8fc881f9d7..6af8311876 100644
--- a/README.md
+++ b/README.md
@@ -1,3 +1,5 @@
+The [FreeRTOS 202212.01](https://github.com/FreeRTOS/FreeRTOS/tree/202212.01) release updates the source code to allow the FreeRTOS-Plus demos to use the configured IP addresses in absence of a DHCP server or while using static IP configuration.
+
 The [FreeRTOS 202212.00](https://github.com/FreeRTOS/FreeRTOS/tree/202212.00) release updates FreeRTOS Kernel, FreeRTOS+TCP, coreMQTT, corePKCS11, coreHTTP, coreJSON, AWS IoT Over-the-air-Updates (OTA), AWS IoT Device Shadow, AWS IoT Jobs, AWS IoT Device Defender, Backoff Algorithm, AWS IoT Fleet Provisioning, coreSNTP, SigV4, and FreeRTOS Cellular Interface libraries to their [LTS 2.0](https://github.com/FreeRTOS/FreeRTOS-LTS/blob/202210-LTS/CHANGELOG.md) versions. It also updates coreMQTT Agent to v1.2.0 to be compatible with coreMQTT v2.X.X, and updates MbedTLS to v3.2.1. This release also adds Visual Studio static library projects for the FreeRTOS Kernel, FreeRTOS+TCP, Logging, MbedTLS, coreHTTP, and corePKCS11. With the addition of the static library projects, all Visual Studio projects have been updated to use them. Additionally, all demos dependent on coreMQTT have been updated to work with coreMQTT v2.X.X.
 
 ## Getting started
diff --git a/manifest.yml b/manifest.yml
index b647d474b7..c40cdd89c1 100644
--- a/manifest.yml
+++ b/manifest.yml
@@ -1,5 +1,5 @@
 name : "FreeRTOS"
-version: "202212.00"
+version: "202212.01"
 description: "This is the standard distribution of FreeRTOS."
 
 dependencies: