diff --git a/sdk/storage/azure-storage-blob/CHANGELOG.md b/sdk/storage/azure-storage-blob/CHANGELOG.md
index fe010fb9055e..6c89afdeefb3 100644
--- a/sdk/storage/azure-storage-blob/CHANGELOG.md
+++ b/sdk/storage/azure-storage-blob/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Release History
 
+## 12.8.0 (2021-03-01)
+**Stable release of preview features**
+- Added `ContainerClient.exists()` method
+- Added container SAS support for blob batch operations
+
+**Fixes**
+- Fixed `delete_blob()` method signature (#15891)
+- Fixed Content-MD5 throwing when passed (#15919)
+
 ## 12.8.0b1 (2021-02-10)
 **New Features**
 - Added `ContainerClient.exists()` method
diff --git a/sdk/storage/azure-storage-blob/azure/storage/blob/_version.py b/sdk/storage/azure-storage-blob/azure/storage/blob/_version.py
index 91671987784d..4027c5a9f5e9 100644
--- a/sdk/storage/azure-storage-blob/azure/storage/blob/_version.py
+++ b/sdk/storage/azure-storage-blob/azure/storage/blob/_version.py
@@ -4,4 +4,4 @@
 # license information.
 # --------------------------------------------------------------------------
 
-VERSION = "12.8.0b1"
+VERSION = "12.8.0"
diff --git a/sdk/storage/azure-storage-blob/setup.py b/sdk/storage/azure-storage-blob/setup.py
index 2adf75dc6dd1..e23a64333f81 100644
--- a/sdk/storage/azure-storage-blob/setup.py
+++ b/sdk/storage/azure-storage-blob/setup.py
@@ -71,7 +71,7 @@
     author_email='ascl@microsoft.com',
     url='https://github.com/Azure/azure-sdk-for-python/tree/master/sdk/storage/azure-storage-blob',
     classifiers=[
-        "Development Status :: 4 - Beta",
+        "Development Status :: 5 - Stable",
         'Programming Language :: Python',
         'Programming Language :: Python :: 2',
         'Programming Language :: Python :: 2.7',
diff --git a/sdk/storage/azure-storage-file-datalake/CHANGELOG.md b/sdk/storage/azure-storage-file-datalake/CHANGELOG.md
index 05e1cb11ce24..a38105a97644 100644
--- a/sdk/storage/azure-storage-file-datalake/CHANGELOG.md
+++ b/sdk/storage/azure-storage-file-datalake/CHANGELOG.md
@@ -1,7 +1,13 @@
 # Release History
 
-## 12.3.0b2 (Unreleased)
+## 12.3.0 (2021-03-01)
+**Stable release of preview features**
+- Added support for `DatalakeServiceClient.undelete_filesystem()`
+- Added support for `DirectoryClient.exists()`, `FileClient.exists()` and `FileSystemClient.exists()`
 
+**Fixes**
+- Fixed `DatalakeServiceClient` context manager/session closure issue (#15358)
+- `PurePosixPath` is now handled correctly if passed as a path (#16159)
 
 ## 12.3.0b1 (2021-02-10)
 **New Features**
diff --git a/sdk/storage/azure-storage-file-datalake/azure/storage/filedatalake/_version.py b/sdk/storage/azure-storage-file-datalake/azure/storage/filedatalake/_version.py
index f1a67be5b28b..caae3f7d9970 100644
--- a/sdk/storage/azure-storage-file-datalake/azure/storage/filedatalake/_version.py
+++ b/sdk/storage/azure-storage-file-datalake/azure/storage/filedatalake/_version.py
@@ -4,4 +4,4 @@
 # license information.
 # --------------------------------------------------------------------------
 
-VERSION = "12.3.0b2"
+VERSION = "12.3.0"
diff --git a/sdk/storage/azure-storage-file-datalake/setup.py b/sdk/storage/azure-storage-file-datalake/setup.py
index 258ac54a8eb3..24f68a2d7797 100644
--- a/sdk/storage/azure-storage-file-datalake/setup.py
+++ b/sdk/storage/azure-storage-file-datalake/setup.py
@@ -72,7 +72,7 @@
     author_email='ascl@microsoft.com',
     url='https://github.com/Azure/azure-sdk-for-python',
     classifiers=[
-        "Development Status :: 4 - Beta",
+        "Development Status :: 5 - Stable",
         'Programming Language :: Python',
         'Programming Language :: Python :: 2',
         'Programming Language :: Python :: 2.7',