diff --git a/README b/README
index 18516cf..52b3de7 100644
--- a/README
+++ b/README
@@ -1,5 +1,5 @@
 --------------------------------
-Commercial Charts Add-on 1.1.0
+Commercial Charts Add-on 1.2.0
 --------------------------------
 
 What's in Qt Commercial Charts
@@ -64,56 +64,45 @@ Documentation can be found from doc/html directory. The documentation
 can also be generated with:
     make docs
 
-Main Changes between 1.0.0 and 1.1.0
+Main Changes between 1.1.0 and 1.2.0
 ===================================
-- Versions 1.0.0 and 1.1.0 are not binary or source compatible. We are sorry about this.
-- ValuesAxis renamed to ValueAxis
-- QAbstractAxis::arrowVisible and other related methods were renamed to
-  QAbstractSeries::lineVisible
-- QChart::margins was replaced with QChart::minimumMargins
-- BarCategoriesAxis renamed to BarCategoryAxis
-- Horizontal bar series has been added
-- New axis types: DateTimeAxis and CategoryAxis
-- PieSeries now supports drawing as a donut
-- Drawing performance of LineSeries has been improved
-- New data replacament method with better performance implemented in XYSeries
-- It is now possible to take PieSlices/BarSets back from the series without deleting
-- Build issues with Embedded Linux on ARM fixed
-- Several new examples and demos
-- QML Axis APIs and series handling in ChartView API improved
-- Improved QML API: new borders/lines related properties for series
-- ChartView margins are now configured via minimumMargins property
-- QML API version number changed to 1.1
-- You can now set a custom format for ValueAxis labels
-- ValueAxis label layout improved
+- Multiple axis support and possibility to define the location of the Axis on chart
+- New axis type: QLogValueAxis for creating Logarithmic Axes
+- Axis titles added
+- Axis management improvements
+    - QChart::addAxis
+    - QAbstractSeries::attachAxis
+- Legend marker API added
+-
+- Hovered signal added to XYSeries (Line, Spline, Area and Scatter)
+- Mapping between chart coordinates and pixel coordinates added
+    - QChart::mapToValue
+    - QChart::mapToPosition
+- Several new examples and demos:
+  - Legend Markers
+  - Log Value Axis
+  - Multiaxis
+  - Audio - Visualizes mic input
+  - Callout - Example how to add additional information on top of chart
+  - QML Custom Legend - Example how to build your custom legend in QML
+- ChartView margins can be configured via Margins property
+- QML API version number changed to 1.2
+- Layout management has been improved
+- Qt 5 Compatibility tested with Qt 5.0.0RC2
 
 Bug Fixes
 ==========
-- Fixed: When a spline series is cleared then the first points still end up being drawn
-- Fixed nice numbers algorithm issue with zoom
-- Fixed configuration issues with debug_and_release and build_all flags
-- Fixed setting color for a BarSet label
-- Fixed bar series autoscaling with negative values
-- Fixed build issue on OSX caused by an extra space in a LIBS definition
-- Switched the z-order of series to be on top of axis
-- The pen of legend marker now matches the color of legend label
-- Fixed initializing the color of a PieSlice and border color of a ScatterSeris in QML
-- Antialias is now disabled in declarative plugin by default
-- Fixed QML PieModelMappers defined outside the series scope
-- Fixed an issue with QLegend attach requiring a resize
+- Fixed: Axis label format errors with several formatters
+- Fixed: QLegend update issues
+- Fixed: XYModelMapper incompatibility with QDate and QDateTime data
+- Fixed: The declaration order of QML CategoryRange objects should not affect CategoryAxis
+- Fixed: Changing axis tick count does not trigger repaint
+- Fixed: Charts layout is not calculated correctly after the change in the text of legend marker
 
 Known Issues
 ============
 - Automatic scaling of the axes is only done when you add a series on a chart
-- If adding several axes, automatic scaling is done based on the last axis added
-- Only one Y and X axis can be visible at the same time
-- Unit label for axes is not implemented
-- Switching off OpenGL (after using a QGLWidget as a viewport) causes a crash in OSX
-- Setting minimum margins breaks down the layout in some cases
 - DateTimeAxis is not supported on ARM because of floating point precision
   issues (qreals are floats)
 - Declarative plugin is available from Qt 4.7.4 onwards because of missing
   Q_REVISION macro in the earlier Qt releases
-- Fixed BarSet.remove in QML API
-- Object compatibility issues between the QML APIs and C++ APIs, if
-  QtCommercial Charts is compiled as a static library