diff --git a/VERSION b/VERSION
index b92ddba71..4646fd924 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.20.3-dev
\ No newline at end of file
+v0.20.3
\ No newline at end of file
diff --git a/config/default/manager_image_patch.yaml b/config/default/manager_image_patch.yaml
index 4f67cef20..363951cb7 100644
--- a/config/default/manager_image_patch.yaml
+++ b/config/default/manager_image_patch.yaml
@@ -8,5 +8,5 @@ spec:
     spec:
       containers:
         # Change the value of image field below to your controller image URL
-        - image: eu.gcr.io/gardener-project/gardener/etcd-druid:v0.19.0
+        - image: eu.gcr.io/gardener-project/gardener/etcd-druid:v0.20.3
           name: druid