diff --git a/charts/cluster-api-k8s/Chart.yaml b/charts/cluster-api-k8s/Chart.yaml
index 0e2d826d..4e867f22 100644
--- a/charts/cluster-api-k8s/Chart.yaml
+++ b/charts/cluster-api-k8s/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: cluster-api
 description: Cluster API
 type: application
-version: "4.22"
-appVersion: "4.22"
+version: "5.0"
+appVersion: "5.0"
diff --git a/charts/cluster-api-k8s/values.yaml b/charts/cluster-api-k8s/values.yaml
index e17b9318..f3eff557 100644
--- a/charts/cluster-api-k8s/values.yaml
+++ b/charts/cluster-api-k8s/values.yaml
@@ -1,5 +1,5 @@
 manager:
   cmd: /manager
   image:
-    tag: v4.22
+    tag: v5.0
     url: registry.redhat.io/openshift4/ose-cluster-api-rhel9
diff --git a/charts/cluster-api-kind/Chart.yaml b/charts/cluster-api-kind/Chart.yaml
index 0e2d826d..4e867f22 100644
--- a/charts/cluster-api-kind/Chart.yaml
+++ b/charts/cluster-api-kind/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: cluster-api
 description: Cluster API
 type: application
-version: "4.22"
-appVersion: "4.22"
+version: "5.0"
+appVersion: "5.0"
diff --git a/charts/cluster-api-kind/values.yaml b/charts/cluster-api-kind/values.yaml
index ea419a78..5fe17005 100644
--- a/charts/cluster-api-kind/values.yaml
+++ b/charts/cluster-api-kind/values.yaml
@@ -1,7 +1,7 @@
 manager:
   cmd: /manager
   image:
-    tag: v4.22
+    tag: v5.0
     url: quay.io/acm-d/ose-cluster-api-rhel9
 webhook:
   image:
diff --git a/charts/cluster-api/Chart.yaml b/charts/cluster-api/Chart.yaml
index 0e2d826d..4e867f22 100644
--- a/charts/cluster-api/Chart.yaml
+++ b/charts/cluster-api/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: cluster-api
 description: Cluster API
 type: application
-version: "4.22"
-appVersion: "4.22"
+version: "5.0"
+appVersion: "5.0"
diff --git a/charts/cluster-api/values.yaml b/charts/cluster-api/values.yaml
index 2d4ffda4..41b2c616 100644
--- a/charts/cluster-api/values.yaml
+++ b/charts/cluster-api/values.yaml
@@ -1,7 +1,7 @@
 manager:
   cmd: /manager
   image:
-    tag: v4.22
+    tag: v5.0
     url: registry.redhat.io/openshift4/ose-cluster-api-rhel9
 webhook:
   image: