diff --git a/CHANGES.md b/CHANGES.md
index 856b4f9d1..71773039e 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,5 +1,13 @@
 # Release Notes
 
+## 2.95.2
+
+This release upgrades the minimum version required of the `pexrc` tool to 0.12.5 to satisfy `--rc`
+requests when building PEXes. This new version floor pulls in a fix for non-normalized project name
+handling when reading wheel metadata. See: https://github.com/pex-tool/pex.rc/issues/103.
+
+* Upgrade `pexrc` to 0.12.5. (#3178)
+
 ## 2.95.1
 
 This release fixes a bug in the `--venv-repository` resolver that ignored extras when determining if
diff --git a/pex/rc/pexrc.py b/pex/rc/pexrc.py
index e74310512..ca838d20a 100644
--- a/pex/rc/pexrc.py
+++ b/pex/rc/pexrc.py
@@ -32,7 +32,7 @@
 
 
 PEXRC_RELEASES_URL = "https://github.com/pex-tool/pex.rc/releases"
-MIN_PEXRC_VERSION = Version("0.12.3")
+MIN_PEXRC_VERSION = Version("0.12.5")
 PEXRC_REQUIREMENT = SpecifierSet("~={min_version}".format(min_version=MIN_PEXRC_VERSION))
 
 
diff --git a/pex/version.py b/pex/version.py
index aaef06e03..0b1629285 100644
--- a/pex/version.py
+++ b/pex/version.py
@@ -1,4 +1,4 @@
 # Copyright 2015 Pex project contributors.
 # Licensed under the Apache License, Version 2.0 (see LICENSE).
 
-__version__ = "2.95.1"
+__version__ = "2.95.2"