diff --git a/ChangeLog b/ChangeLog
index 7e99f39..006619f 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -5,6 +5,9 @@
 # Distributed under the GPL v2
 # $Id$
 
+  15 Jan 2012; Sebastian Pipping <sping@gentoo.org> genkernel:
+  Bump version to 3.4.23.1
+
   14 Jan 2012; Sebastian Pipping <sping@gentoo.org> defaults/busy-config:
   Re-activate mdstart in busybox config
 
diff --git a/genkernel b/genkernel
index e98e5e2..a579b25 100755
--- a/genkernel
+++ b/genkernel
@@ -2,7 +2,7 @@
 # $Id$
 
 PATH="${PATH}:/sbin:/usr/sbin"
-GK_V='3.4.23'
+GK_V='3.4.23.1'
 
 # Set the default for TMPDIR.  May be modified by genkernel.conf or the
 # --tempdir command line option.