diff --git a/.gitignore b/.gitignore
index bcb2403..1a35c14 100644
--- a/.gitignore
+++ b/.gitignore
@@ -28,3 +28,4 @@ freeipmi-0.8.8.tar.gz
 /freeipmi-1.2.6.tar.gz
 /freeipmi-1.2.7.tar.gz
 /freeipmi-1.2.9.tar.gz
+/freeipmi-1.3.1.tar.gz
diff --git a/freeipmi.spec b/freeipmi.spec
index a1f0912..05823cf 100644
--- a/freeipmi.spec
+++ b/freeipmi.spec
@@ -2,8 +2,8 @@
 # Copyright (c) 2003 FreeIPMI Core Team
 
 Name:             freeipmi
-Version:          1.2.9
-Release:          3%{?dist}
+Version:          1.3.1
+Release:          1%{?dist}
 Summary:          IPMI remote console and system management software
 License:          GPLv3+
 Group:            Applications/System
@@ -346,6 +346,18 @@ fi
 %dir %{_localstatedir}/cache/ipmiseld
 
 %changelog
+* Mon Sep  2 2013 Ales Ledvinka <aledvink@redhat.com> - 1.3.1-1
+- Updated to freeipmi-1.3.1
+ - Timestamp UTC/localtime reporting compliant with specification.
+   Remote timestamp expected to be in localtime already.
+ - Timestamp reporting options --utc-to-localtime,
+   --localtime-to-utc and --utc-offset.
+ - In ipmi-fru, support output of DDR3 SDRAM modules.
+ - In ipmi-fru, support output of new FRU multirecords, most notably
+   extended DC output and extended DC load (per FRU Revision 1.2).
+ - Support additional chassis types (per FRU Revision 1.2 update).
+ - and more
+
 * Sat Aug 03 2013 Fedora Release Engineering <rel-eng@lists.fedoraproject.org> - 1.2.9-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_20_Mass_Rebuild
 
diff --git a/sources b/sources
index accacfc..c9b7ff2 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-326bdb8ad2a0b72ec0bfd9d20a31ac91  freeipmi-1.2.9.tar.gz
+bc3c3e32f6dc72fbe4630d29c812e84b  freeipmi-1.3.1.tar.gz