diff --git a/VERSION b/VERSION
index 2ea2949e..d4dfa563 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.3.0-dev
\ No newline at end of file
+v0.3.0
\ No newline at end of file
diff --git a/charts/cert-management/values.yaml b/charts/cert-management/values.yaml
index 4a4163eb..094d1d64 100644
--- a/charts/cert-management/values.yaml
+++ b/charts/cert-management/values.yaml
@@ -5,7 +5,7 @@ replicaCount: 1
 
 image:
   repository: eu.gcr.io/gardener-project/cert-controller-manager
-  tag: v0.3.0-master
+  tag: v0.3.0
   pullPolicy: IfNotPresent
 
 resources: