diff --git a/.gitignore b/.gitignore
index ba3c679..d15e9a4 100644
--- a/.gitignore
+++ b/.gitignore
@@ -92,3 +92,5 @@
 /llvm-11.1.0rc2.src.tar.xz.sig
 /llvm-12.0.0rc1.src.tar.xz
 /llvm-12.0.0rc1.src.tar.xz.sig
+/llvm-12.0.0rc2.src.tar.xz
+/llvm-12.0.0rc2.src.tar.xz.sig
diff --git a/llvm.spec b/llvm.spec
index ba07597..5bd1bd2 100644
--- a/llvm.spec
+++ b/llvm.spec
@@ -10,8 +10,8 @@
 
 %global llvm_libdir %{_libdir}/%{name}
 %global build_llvm_libdir %{buildroot}%{llvm_libdir}
-%global rc_ver 1
-%global baserelease 2
+%global rc_ver 2
+%global baserelease 3
 %global llvm_srcdir llvm-%{version}%{?rc_ver:rc%{rc_ver}}.src
 %global maj_ver 12
 %global min_ver 0
@@ -545,6 +545,9 @@ fi
 %endif
 
 %changelog
+* Wed Feb 24 2021 sguelton@redhat.com - 12.0.0-0.3.rc2
+- 12.0.0-rc2 release
+
 * Tue Feb 16 2021 Dave Airlie <airlied@redhat.com> - 12.0.0-0.2.rc1
 - Enable LLVM_USE_PERF to allow perf integration
 
diff --git a/sources b/sources
index c4335d1..4ac20b3 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (llvm-12.0.0rc1.src.tar.xz) = 2cc987a8bcdd91cbd7f404501144761239c7023a066efd490ffb083c0de9062712eb1f6e8e9fb066298b3feb6404f7b6791ecde05d42bf39b533e3fc22f46afa
-SHA512 (llvm-12.0.0rc1.src.tar.xz.sig) = ac0844ec5340a9108ef1b069119c9f2373a814c144e8092a9a7e7088abe156d1ca0a73d838e28d0e7749419bfe3d37a51580ad97acd37c0dffa7a29bf9de5eb9
+SHA512 (llvm-12.0.0rc2.src.tar.xz) = ee1f872b7779ec4a9eb65defe671539f5350f5cf850205c642a897c195ebf265fedfba9d9b9fdbf3a1279ffda552e6ede1e2746f1fc19c256d5422f7da73caf9
+SHA512 (llvm-12.0.0rc2.src.tar.xz.sig) = 6b8435d5a4d3cf34fb4dc2c7a19a554c4e066edda0b8ce6dffd1916b9ba583b07facad1246eb70bea4bde8b8aff4a4bf81cbfc60bfcff132a72a1e1c8a4dd609