diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7a41a94..437288d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
+
+## [0.4.0] - 2022-04-27
 ### Changed
 - REST API access now requires valid Kubernetes token. `koredumpctl` tool can take it from `oc whoami --show-token` command output in Red Hat OCP.
 - Switch container base image to Red Hat UBI8. Container build is reworked and python dependencies now installed with pip. Container images are now built to amd64, arm64, ppc64le and s390x.
@@ -42,7 +44,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Added
 - Initial release at GitHub.
 
-[unreleased]: https://github.com/nokia/koredump/compare/0.3.4...HEAD
+[unreleased]: https://github.com/nokia/koredump/compare/0.4.0...HEAD
+[0.4.0]: https://github.com/nokia/koredump/compare/0.3.4...0.4.0
 [0.3.4]: https://github.com/nokia/koredump/compare/0.3.3...0.3.4
 [0.3.3]: https://github.com/nokia/koredump/compare/0.3.2...0.3.3
 [0.3.2]: https://github.com/nokia/koredump/compare/koredump-0.3.1...0.3.2
diff --git a/Dockerfile b/Dockerfile
index 8f14aef..3cfa421 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -5,7 +5,7 @@
 FROM registry.access.redhat.com/ubi8/ubi:8.5 AS base
 MAINTAINER Nokia
 
-ARG VERSION=0.3.4
+ARG VERSION=0.4.0
 
 # Required OpenShift Labels
 LABEL name="koredump" \
diff --git a/charts/koredump/Chart.yaml b/charts/koredump/Chart.yaml
index 8efadc2..0849374 100644
--- a/charts/koredump/Chart.yaml
+++ b/charts/koredump/Chart.yaml
@@ -16,10 +16,10 @@ maintainers:
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.3.4
+version: 0.4.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "0.3.4"
+appVersion: "0.4.0"