diff --git a/ChangeLog b/ChangeLog
index d91ae2a..0f32a11 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+Version 1.02 (2021-01-20)
+------------
+ * Fix a bug: `last_ip` can't be compressed
+
 Version 1.01 (2020-12-01)
 ------------
  * Update to support up to Python 3.9
diff --git a/IPy.py b/IPy.py
index 171e8a9..5ee5c30 100644
--- a/IPy.py
+++ b/IPy.py
@@ -400,7 +400,12 @@ def strCompressed(self, wantprefixlen = None):
                     hextets.append('')
                 if compressionpos == 0:
                     hextets = [''] + hextets
-                return ':'.join(hextets) + self._printPrefix(wantprefixlen)
+                # fix the bug: `last_ip` can't be compressed
+                if wantprefixlen == 3:
+                    _last = "-%s" % (IPint(self.ip + self.len() - 1).strCompressed())
+                else:
+                    _last = self._printPrefix(wantprefixlen)
+                return ':'.join(hextets) + _last
             else:
                 return self.strNormal(0) + self._printPrefix(wantprefixlen)
 
diff --git a/README.rst b/README.rst
index 44cc556..dcaa427 100644
--- a/README.rst
+++ b/README.rst
@@ -177,7 +177,7 @@ unique address ranges and will aggregate overlapping ranges. ::
 Compatibility and links
 =======================
 
-IPy 1.01 works on Python version 2.6 - 3.7.
+IPy 1.02 works on Python version 2.6 - 3.7.
 
 The IP module should work in Python 2.5 as long as the subtraction operation
 is not used. IPSet requires features of the collections class which appear
diff --git a/setup.py b/setup.py
index 7f6fff5..dfa8931 100755
--- a/setup.py
+++ b/setup.py
@@ -23,7 +23,7 @@
 import sys
 from setuptools import setup
 
-VERSION = '1.01'
+VERSION = '1.02'
 
 options = {}