diff --git a/ANNOUNCEMENT b/ANNOUNCEMENT
index 1df55bd65..8cad87d8b 100644
--- a/ANNOUNCEMENT
+++ b/ANNOUNCEMENT
@@ -1,38 +1,38 @@
-Announcement of ECL v0.9l
-=========================
+Announcement of ECL v8.12.0
+===========================
 
-ECL stands for Embeddable Common-Lisp. The ECL project aims to produce
-an implementation of the Common-Lisp language which complies to the ANSI
-X3J13 definition of the language.
+ECL stands for Embeddable Common-Lisp. The ECL project aims to produce an
+implementation of the Common-Lisp language which complies to the ANSI X3J13
+definition of the language.
 
-The term embeddable refers to the fact that ECL includes a lisp to C
-compiler, which produces libraries (static or dynamic) that can be
-called from C programs. Furthermore, ECL can produce standalone
-executables from your lisp code and can itself be linked to your
-programs as a shared library.
+The term embeddable refers to the fact that ECL includes a lisp to C compiler,
+which produces libraries (static or dynamic) that can be called from C
+programs. Furthermore, ECL can produce standalone executables from your lisp
+code and can itself be linked to your programs as a shared library.
 
-ECL supports the operating systems Linux, FreeBSD, NetBSD, OpenBSD,
-Solaris (at least v. 9), Microsoft Windows and OSX, running on top of
-the Intel, Sparc, Alpha and PowerPC processors. Porting to other
-architectures should be rather easy.
+ECL supports the operating systems Linux, FreeBSD, NetBSD, OpenBSD, Solaris (at
+least v. 9), Microsoft Windows and OSX, running on top of the Intel, Sparc,
+Alpha and PowerPC processors. Porting to other architectures should be rather
+easy.
 
-ECL is currently hosted at Common-Lisp.net and SourceForge. The home
-page of the project is http://ecls.sourceforge.net, and in it you will
-find source code releases, a CVS tree and some useful documentation.
+ECL is currently hosted at Common-Lisp.net and SourceForge. The home page of
+the project is http://ecls.sourceforge.net, and in it you will find source code
+releases, a CVS tree and some useful documentation.
 
 
 Notes for this release
 ======================
 
-This release is relevant for various reasons. First of all, several
-important bugs have been fixed which now allow Maxima to be built
-using ECL. Second, there have been serious improvements in performance
-coming mainly from a better garbage collector scheme (incremental
-with generations) and a threaded interpreter. In some cases this results
-in a factor 2 reduction in execution time.
+This release is the last one before a major redesign of ECL, which will affect
+issues like Unicode streams and handling of interrupts.
+
+This is also the first one to follow the new numbering scheme, inspired by that
+of Ubuntu. The release number follows the scheme year.month.[0-9], where the
+last digit marks the patch release. The numbering is now incorporated in the
+library names, so that different versions of ECL may coexit on the same system.
 
 
-Changes since 0.9j
+Changes since 0.9l
 ==================
 
 See file src/CHANGELOG or browse it online