diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3e63fb7d68..ff512f2b22 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+# v12.2.3
+
+This release upgrades `@angular/language-service` to v12.2.12.
+
+This release contains various internal refactorings and dependency updates.
+
 # v12.2.2
 
 This release upgrades `@angular/language-service` to v12.2.10.
diff --git a/package.json b/package.json
index fa0f999b14..48962a8dc5 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
   "name": "ng-template",
   "displayName": "Angular Language Service",
   "description": "Editor services for Angular templates",
-  "version": "12.2.2",
+  "version": "12.2.3",
   "publisher": "Angular",
   "icon": "angular.png",
   "license": "MIT",
@@ -164,7 +164,7 @@
     "test:syntaxes": "yarn compile:syntaxes-test && yarn build:syntaxes && jasmine dist/syntaxes/test/driver.js"
   },
   "dependencies": {
-    "@angular/language-service": "12.2.10",
+    "@angular/language-service": "12.2.12",
     "typescript": "4.3.4",
     "vscode-jsonrpc": "6.0.0",
     "vscode-languageclient": "7.0.0",
diff --git a/server/package.json b/server/package.json
index e80cd87748..e5701bdbbf 100644
--- a/server/package.json
+++ b/server/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@angular/language-server",
   "description": "LSP server for Angular Language Service",
-  "version": "12.2.2",
+  "version": "12.2.3",
   "repository": {
     "type": "git",
     "url": "https://github.com/angular/vscode-ng-language-service.git"
@@ -15,7 +15,7 @@
     "ngserver": "./bin/ngserver"
   },
   "dependencies": {
-    "@angular/language-service": "12.2.10",
+    "@angular/language-service": "12.2.12",
     "vscode-jsonrpc": "6.0.0",
     "vscode-languageserver": "7.0.0",
     "vscode-uri": "3.0.2"
diff --git a/yarn.lock b/yarn.lock
index 4f6ceba0c7..9ce2931566 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -52,10 +52,10 @@
     yaml "^1.10.0"
     yargs "^17.0.0"
 
-"@angular/language-service@12.2.10":
-  version "12.2.10"
-  resolved "https://registry.yarnpkg.com/@angular/language-service/-/language-service-12.2.10.tgz#051d92813185535c7b1c496f4306f10a729b335e"
-  integrity sha512-o9KY39+1bw9xB6vsMWAbcPFWNdTQ/6TSKyQkmAyYca7T6LlNOe/qWln2655ZFPhyG6d9R8nbTi3X0MhMP+H7xQ==
+"@angular/language-service@12.2.12":
+  version "12.2.12"
+  resolved "https://registry.yarnpkg.com/@angular/language-service/-/language-service-12.2.12.tgz#4885a40e33ae73c2dfabe596b3899768a5f27aaa"
+  integrity sha512-0DRsZilDkYa6FFHwm5dT70ydWvDquT/zj3qyeznwFxfiulzMNEAXvfQbi91eZ/0yJB9DSdS4ma2UgXMaFpMStw==
 
 "@babel/code-frame@^7.0.0":
   version "7.12.13"