diff --git a/CHANGELOG.md b/CHANGELOG.md
index 33ea2c8c..9d43f2ea 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,13 @@
 # NVIDIA Container Toolkit Changelog
 
+## v1.12.0-rc.5
+
 ## v1.12.0-rc.4
 
 * Generate a minimum CDI spec version for improved compatibility.
 * Add `--device-name-strategy` options to the `nvidia-ctk cdi generate` command that can be used to control how device names are constructed.
 * Set default for CDI device name generation to `index` to generate device names such as `nvidia.com/gpu=0` or `nvidia.com/gpu=1:0` by default.
+
 ## v1.12.0-rc.3
 
 * Don't fail if by-path symlinks for DRM devices do not exist
diff --git a/third_party/libnvidia-container b/third_party/libnvidia-container
index 7aa2c9b2..4b7f3d9b 160000
--- a/third_party/libnvidia-container
+++ b/third_party/libnvidia-container
@@ -1 +1 @@
-Subproject commit 7aa2c9b2d0fe5450c0a0dfc903899e1fa547fc63
+Subproject commit 4b7f3d9bfb15928690c7bc8287cfb27c62dc2270
diff --git a/versions.mk b/versions.mk
index 98a08869..145fb3f7 100644
--- a/versions.mk
+++ b/versions.mk
@@ -14,7 +14,7 @@
 
 LIB_NAME := nvidia-container-toolkit
 LIB_VERSION := 1.12.0
-LIB_TAG := rc.4
+LIB_TAG := rc.5
 
 # Specify the nvidia-docker2 and nvidia-container-runtime package versions.
 # Note: The build tooling uses `LIB_TAG` above as the version tag.