diff --git a/CHANGELOG.md b/CHANGELOG.md
index a8d93933..e4d15b0e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,21 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.22.3
+
+**Release date:** 2022-03-29
+
+This prerelease fixes a compatability issue between SOPS' Azure Key Vault
+integration, and the controller's. In addition, Kustomize has been updated
+to [`v4.5.4`](https://github.com/kubernetes-sigs/kustomize/releases/tag/kustomize%2Fv4.5.4)
+to address an issue with ConfigMap and Secret generators.
+
+Fixes:
+- sops/azkv: ensure compatibility with upstream
+  [#604](https://github.com/fluxcd/kustomize-controller/pull/604)
+- Update Kustomize to v4.5.4
+  [#606](https://github.com/fluxcd/kustomize-controller/pull/606)
+
 ## 0.22.2
 
 **Release date:** 2022-03-25
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index b8e6414a..21eb40fd 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/kustomize-controller
     newName: fluxcd/kustomize-controller
-    newTag: v0.22.2
+    newTag: v0.22.3
diff --git a/go.mod b/go.mod
index 68ee3836..92f1e5d4 100644
--- a/go.mod
+++ b/go.mod
@@ -13,7 +13,7 @@ require (
 	github.com/cyphar/filepath-securejoin v0.2.3
 	github.com/dimchansky/utfbom v1.1.1
 	github.com/drone/envsubst v1.0.3
-	github.com/fluxcd/kustomize-controller/api v0.22.2
+	github.com/fluxcd/kustomize-controller/api v0.22.3
 	github.com/fluxcd/pkg/apis/acl v0.0.3
 	github.com/fluxcd/pkg/apis/kustomize v0.3.2
 	github.com/fluxcd/pkg/apis/meta v0.12.1