diff --git a/deploy/v2beta1/mpi-operator.yaml b/deploy/v2beta1/mpi-operator.yaml
index 808052ad..9afb2eeb 100644
--- a/deploy/v2beta1/mpi-operator.yaml
+++ b/deploy/v2beta1/mpi-operator.yaml
@@ -8225,6 +8225,6 @@ spec:
       - args:
         - -alsologtostderr
         - --lock-namespace=mpi-operator
-        image: mpioperator/mpi-operator:0.5
+        image: mpioperator/mpi-operator:0.5.0
         name: mpi-operator
       serviceAccountName: mpi-operator
diff --git a/manifests/overlays/kubeflow/kustomization.yaml b/manifests/overlays/kubeflow/kustomization.yaml
index 03f72ab4..c33a05d2 100644
--- a/manifests/overlays/kubeflow/kustomization.yaml
+++ b/manifests/overlays/kubeflow/kustomization.yaml
@@ -11,7 +11,7 @@ commonLabels:
 images:
   - name: mpioperator/mpi-operator
     newName: mpioperator/mpi-operator
-    newTag: "0.5"
+    newTag: "0.5.0"
 patches:
   - target:
       group: apps
diff --git a/manifests/overlays/standalone/kustomization.yaml b/manifests/overlays/standalone/kustomization.yaml
index 96665c36..f0dd6160 100644
--- a/manifests/overlays/standalone/kustomization.yaml
+++ b/manifests/overlays/standalone/kustomization.yaml
@@ -12,7 +12,7 @@ commonLabels:
 images:
 - name: mpioperator/mpi-operator
   newName: mpioperator/mpi-operator
-  newTag: "0.5"
+  newTag: "0.5.0"
 patches:
   - target:
       group: apps