diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 9709fbd..1da8c4c 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
 description: Helm chart to deploy CAP Operator https://sap.github.io/cap-operator/
 name: cap-operator
-version: 0.4.0
-appVersion: 0.4.0
+version: 0.5.0
+appVersion: 0.5.0
diff --git a/chart/README.md b/chart/README.md
index 392c930..9468b3f 100644
--- a/chart/README.md
+++ b/chart/README.md
@@ -1,6 +1,6 @@
 # cap-operator
 
-![Version: 0.4.0](https://img.shields.io/badge/Version-0.4.0-informational?style=flat-square) ![AppVersion: 0.4.0](https://img.shields.io/badge/AppVersion-0.4.0-informational?style=flat-square)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![AppVersion: 0.5.0](https://img.shields.io/badge/AppVersion-0.5.0-informational?style=flat-square)
 
 Helm chart to deploy CAP Operator https://sap.github.io/cap-operator/