diff --git a/CHANGELOG.md b/CHANGELOG.md
index adbfce6..d0bca29 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.3.0] - 2023-12-12
+
 ### Added
 
 - Trigger re-admission for apps in CAPI clusters which have disabled PSPs via the `policy.giantswarm.io/psp-status` label.
@@ -21,7 +23,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [0.1.0] - 2023-11-17
 
-[Unreleased]: https://github.com/giantswarm/pss-operator/compare/v0.2.1...HEAD
+[Unreleased]: https://github.com/giantswarm/pss-operator/compare/v0.3.0...HEAD
+[0.3.0]: https://github.com/giantswarm/pss-operator/compare/v0.2.1...v0.3.0
 [0.2.1]: https://github.com/giantswarm/pss-operator/compare/v0.2.0...v0.2.1
 [0.2.0]: https://github.com/giantswarm/pss-operator/compare/v0.1.0...v0.2.0
 [0.1.0]: https://github.com/giantswarm/pss-operator/releases/tag/v0.1.0
diff --git a/pkg/project/project.go b/pkg/project/project.go
index 681109d..9c45f10 100644
--- a/pkg/project/project.go
+++ b/pkg/project/project.go
@@ -5,7 +5,7 @@ var (
 	gitSHA      = "n/a"
 	name        = "pss-operator"
 	source      = "https://github.com/giantswarm/pss-operator"
-	version     = "0.2.2-dev"
+	version     = "0.3.0"
 )
 
 func Description() string {