diff --git a/README.md b/README.md
index 63fcd32bf..05748de73 100644
--- a/README.md
+++ b/README.md
@@ -421,7 +421,7 @@ possible security implications.
 ## Getting started
 
 For a stable version with ready-built images see the
-[latest released version](https://github.com/kubernetes-sigs/node-feature-discovery/tree/v0.4.0) ([release notes](https://github.com/kubernetes-sigs/node-feature-discovery/releases/latest)).
+[latest released version](https://github.com/kubernetes-sigs/node-feature-discovery/tree/v0.5.0) ([release notes](https://github.com/kubernetes-sigs/node-feature-discovery/releases/latest)).
 
 If you want to use the latest development version (master branch) you need to
 [build your own custom image](#building-from-source).
diff --git a/nfd-daemonset-combined.yaml.template b/nfd-daemonset-combined.yaml.template
index 437578451..cf902335c 100644
--- a/nfd-daemonset-combined.yaml.template
+++ b/nfd-daemonset-combined.yaml.template
@@ -63,7 +63,7 @@ spec:
             valueFrom:
               fieldRef:
                 fieldPath: spec.nodeName
-          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.4.0
+          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.5.0
           name: nfd-master
           command:
             - "nfd-master"
@@ -72,7 +72,7 @@ spec:
             valueFrom:
               fieldRef:
                 fieldPath: spec.nodeName
-          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.4.0
+          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.5.0
           name: nfd-worker
           command:
             - "nfd-worker"
diff --git a/nfd-master.yaml.template b/nfd-master.yaml.template
index 035c806a9..3d3968bf3 100644
--- a/nfd-master.yaml.template
+++ b/nfd-master.yaml.template
@@ -66,7 +66,7 @@ spec:
             valueFrom:
               fieldRef:
                 fieldPath: spec.nodeName
-          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.4.0
+          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.5.0
           name: nfd-master
           command:
             - "nfd-master"
diff --git a/nfd-worker-daemonset.yaml.template b/nfd-worker-daemonset.yaml.template
index 70b486186..c8df35fb3 100644
--- a/nfd-worker-daemonset.yaml.template
+++ b/nfd-worker-daemonset.yaml.template
@@ -22,7 +22,7 @@ spec:
             valueFrom:
               fieldRef:
                 fieldPath: spec.nodeName
-          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.4.0
+          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.5.0
           name: nfd-worker
           command:
             - "nfd-worker"
diff --git a/nfd-worker-job.yaml.template b/nfd-worker-job.yaml.template
index 2d6e90974..8ea6add17 100644
--- a/nfd-worker-job.yaml.template
+++ b/nfd-worker-job.yaml.template
@@ -31,7 +31,7 @@ spec:
             valueFrom:
               fieldRef:
                 fieldPath: spec.nodeName
-          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.4.0
+          image: quay.io/kubernetes_incubator/node-feature-discovery:v0.5.0
           name: nfd-worker
           command:
             - "nfd-worker"