diff --git a/VERSION b/VERSION
index b8db7fc27e..cd180246b3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.5.0-rc.1
+v1.5.0-rc.2
diff --git a/release-notes/current.yaml b/release-notes/current.yaml
index 231985117c..3271a4f907 100644
--- a/release-notes/current.yaml
+++ b/release-notes/current.yaml
@@ -2,17 +2,14 @@ date: Pending
 
 # Changes that are expected to cause an incompatibility with previous versions, such as deletions or modifications to existing APIs.
 breaking changes: |
-  Removed `xds-translator` and `xds-server` values from the `runner` label in `watchable_subscribe_total`. Use `xds` instead
 
 # Updates addressing vulnerabilities, security flaws, or compliance requirements.
 security updates: |
 
 # New features or capabilities added in this release.
 new features: |
-  Added Gateway Listeners to the xDS listener metadata.
 
 bug fixes: |
-  Fixed an issue that controller panic when reloading configuration.
 
 # Enhancements that improve performance.
 performance improvements: |
diff --git a/release-notes/v1.5.0-rc.2.yaml b/release-notes/v1.5.0-rc.2.yaml
new file mode 100644
index 0000000000..67dcd0fbaa
--- /dev/null
+++ b/release-notes/v1.5.0-rc.2.yaml
@@ -0,0 +1,26 @@
+date: August 5, 2025
+
+# Changes that are expected to cause an incompatibility with previous versions, such as deletions or modifications to existing APIs.
+breaking changes: |
+  Removed `xds-translator` and `xds-server` values from the `runner` label in `watchable_subscribe_total`. Use `xds` instead.
+
+# Updates addressing vulnerabilities, security flaws, or compliance requirements.
+security updates: |
+  Disable automountServiceAccountToken for proxy and ratelimit deployments and serviceAccounts
+
+# New features or capabilities added in this release.
+new features: |
+  Added Gateway Listeners to the xDS listener metadata.
+
+bug fixes: |
+  Fixed an issue that controller panic when reloading configuration.
+  Reverted to use Store directly instead of HandleStore wrapper to improve GC cleanup.
+
+# Enhancements that improve performance.
+performance improvements: |
+
+# Deprecated features or APIs.
+deprecations: |
+
+# Other notable changes not covered by the above sections.
+Other changes: |