diff --git a/manifests/base/kustomization.yaml b/manifests/base/kustomization.yaml
index 42a3854b..6b59dbdc 100644
--- a/manifests/base/kustomization.yaml
+++ b/manifests/base/kustomization.yaml
@@ -3,7 +3,7 @@ kind: Kustomization
 
 images:
 - name: argoprojlabs/argocd-image-updater
-  newTag: latest
+  newTag: v0.5.0
 
 bases:
 - ./config
diff --git a/manifests/install.yaml b/manifests/install.yaml
index d05b3f4d..93785d5c 100644
--- a/manifests/install.yaml
+++ b/manifests/install.yaml
@@ -109,7 +109,7 @@ spec:
               key: argocd.token
               name: argocd-image-updater-secret
               optional: true
-        image: argoprojlabs/argocd-image-updater:latest
+        image: argoprojlabs/argocd-image-updater:v0.5.0
         imagePullPolicy: Always
         livenessProbe:
           httpGet: