diff --git a/.gitignore b/.gitignore
index 241c7708fd..3ee238383d 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1,5 +1,8 @@
 *.py[cod]
 
+# Distribution dir
+dist
+
 # Private settings
 private_settings.py
 
@@ -53,4 +56,4 @@ uVision Project/
 debug.log
 
 # Ignore OS X Desktop Services Store files
-.DS_Store
\ No newline at end of file
+.DS_Store
diff --git a/setup.py b/setup.py
index 6a38792137..2bb6981661 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@ OWNER_NAMES = 'emilmont, bogdanm'
 OWNER_EMAILS = 'Emilio.Monti@arm.com, Bogdan.Marinescu@arm.com'
 
 setup(name='mbed',
-      version='0.1.1',
+      version='0.1.2',
       description='Build and test system for mbed',
       long_description=DESCRIPTION,
       author=OWNER_NAMES,