diff --git a/Makefile b/Makefile
index 4981ee95..3cc7b410 100644
--- a/Makefile
+++ b/Makefile
@@ -35,7 +35,7 @@ CONTROLLER_TOOLS_VERSION ?= $(shell grep "sigs.k8s.io/controller-tools" hack/too
 
 IMAGE_PLATFORMS ?= linux/amd64,linux/arm64,linux/arm/v7,linux/ppc64le
 
-RELEASE_VERSION ?= v0.7.0-alpha.1
+RELEASE_VERSION ?= v0.7.0-alpha.2
 
 BUILDX_BUILDER ?= trust-manager-builder
 
diff --git a/deploy/charts/trust-manager/Chart.yaml b/deploy/charts/trust-manager/Chart.yaml
index fff66010..edc1083a 100644
--- a/deploy/charts/trust-manager/Chart.yaml
+++ b/deploy/charts/trust-manager/Chart.yaml
@@ -24,8 +24,8 @@ maintainers:
 sources:
 - https://github.com/cert-manager/trust-manager
 
-appVersion: v0.7.0-alpha.1
-version: v0.7.0-alpha.1
+appVersion: v0.7.0-alpha.2
+version: v0.7.0-alpha.2
 
 annotations:
   artifacthub.io/license: Apache-2.0
diff --git a/deploy/charts/trust-manager/README.md b/deploy/charts/trust-manager/README.md
index fe4d3662..4b5eb36e 100644
--- a/deploy/charts/trust-manager/README.md
+++ b/deploy/charts/trust-manager/README.md
@@ -1,6 +1,6 @@
 # trust-manager
 
-![Version: v0.7.0-alpha.1](https://img.shields.io/badge/Version-v0.7.0--alpha.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.7.0-alpha.1](https://img.shields.io/badge/AppVersion-v0.7.0--alpha.1-informational?style=flat-square)
+![Version: v0.7.0-alpha.2](https://img.shields.io/badge/Version-v0.7.0--alpha.2-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.7.0-alpha.2](https://img.shields.io/badge/AppVersion-v0.7.0--alpha.2-informational?style=flat-square)
 
 trust-manager is the easiest way to manage TLS trust bundles in Kubernetes and OpenShift clusters