diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index da6e1ac..0cc9618 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: longhorn
-version: 0.5.0-rc2
-appVersion: v0.5.0-rc2
+version: 0.5.0-rc3
+appVersion: v0.5.0-rc3
 kubeVersion: ">=v1.8.0-r0"
 description: Longhorn is a distributed block storage system for Kubernetes powered by Rancher Labs.
 keywords:
diff --git a/chart/values.yaml b/chart/values.yaml
index 9a8abf4..c801039 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -4,11 +4,11 @@
 image:
   longhorn:
     engine: rancher/longhorn-engine
-    engineTag: v0.5.0-rc2
+    engineTag: v0.5.0-rc3
     manager: rancher/longhorn-manager
-    managerTag: v0.5.0-rc2
+    managerTag: v0.5.0-rc3
     ui: rancher/longhorn-ui
-    uiTag: v0.5.0-rc2
+    uiTag: v0.5.0-rc3
   pullPolicy: IfNotPresent
 
 service: