diff --git a/README.md b/README.md
index 1e81660d..a654c852 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@ Quick links:
 The library supports the following Java environments:
 - Java 8 (or higher)
 
-Current version - 1.12.0
+Current version - 1.13.0
 
 You can find the changes for each version in the [change log](https://github.com/AzureAD/microsoft-authentication-library-for-java/blob/master/changelog.txt).
 
@@ -28,12 +28,12 @@ Find [the latest package in the Maven repository](https://mvnrepository.com/arti
 <dependency>
     <groupId>com.microsoft.azure</groupId>
     <artifactId>msal4j</artifactId>
-    <version>1.12.0</version>
+    <version>1.13.0</version>
 </dependency>
 ```
 ### Gradle
 
-compile group: 'com.microsoft.azure', name: 'msal4j', version: '1.12.0'
+compile group: 'com.microsoft.azure', name: 'msal4j', version: '1.13.0'
 
 ## Usage
 
diff --git a/changelog.txt b/changelog.txt
index 24333b00..58f85000 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,3 +1,9 @@
+Version 1.13.0
+=============
+- Provide token caching functionality for managed identity tokens
+- Updates for obo-for-service-principal scenarios
+- version updates for nimbusds-oauth2 library
+
 Version 1.12.0
 =============
 - Updates several dependencies to avoid security vulnerabilities
diff --git a/pom.xml b/pom.xml
index d67f7e66..3ac97176 100644
--- a/pom.xml
+++ b/pom.xml
@@ -3,7 +3,7 @@
 	<modelVersion>4.0.0</modelVersion>
 	<groupId>com.microsoft.azure</groupId>
 	<artifactId>msal4j</artifactId>
-	<version>1.12.0</version>
+	<version>1.13.0</version>
 	<packaging>jar</packaging>
 	<name>msal4j</name>
 	<description>
diff --git a/src/samples/msal-b2c-web-sample/pom.xml b/src/samples/msal-b2c-web-sample/pom.xml
index 8be0818e..f4afdb35 100644
--- a/src/samples/msal-b2c-web-sample/pom.xml
+++ b/src/samples/msal-b2c-web-sample/pom.xml
@@ -23,7 +23,7 @@
 		<dependency>
 			<groupId>com.microsoft.azure</groupId>
 			<artifactId>msal4j</artifactId>
-			<version>1.12.0</version>
+			<version>1.13.0</version>
 		</dependency>
 		<dependency>
 			<groupId>com.nimbusds</groupId>
diff --git a/src/samples/msal-obo-sample/pom.xml b/src/samples/msal-obo-sample/pom.xml
index 3563c15e..065d3750 100644
--- a/src/samples/msal-obo-sample/pom.xml
+++ b/src/samples/msal-obo-sample/pom.xml
@@ -23,7 +23,7 @@
         <dependency>
             <groupId>com.microsoft.azure</groupId>
             <artifactId>msal4j</artifactId>
-            <version>1.12.0</version>
+            <version>1.13.0</version>
         </dependency>
         <dependency>
             <groupId>com.nimbusds</groupId>
diff --git a/src/samples/msal-web-sample/pom.xml b/src/samples/msal-web-sample/pom.xml
index 84e81238..7d5a712e 100644
--- a/src/samples/msal-web-sample/pom.xml
+++ b/src/samples/msal-web-sample/pom.xml
@@ -23,7 +23,7 @@
 		<dependency>
 			<groupId>com.microsoft.azure</groupId>
 			<artifactId>msal4j</artifactId>
-			<version>1.12.0</version>
+			<version>1.13.0</version>
 		</dependency>
 		<dependency>
 			<groupId>com.nimbusds</groupId>