diff --git a/release-manifest-image/Dockerfile b/release-manifest-image/Dockerfile
index a959c3d..23971c2 100644
--- a/release-manifest-image/Dockerfile
+++ b/release-manifest-image/Dockerfile
@@ -1,4 +1,4 @@
-#!BuildTag: %%IMG_PREFIX%%release-manifest:3.4.0
+#!BuildTag: %%IMG_PREFIX%%release-manifest:3.5.0
 ARG SLE_VERSION
 FROM registry.suse.com/bci/bci-micro:$SLE_VERSION
 
@@ -7,11 +7,11 @@ FROM registry.suse.com/bci/bci-micro:$SLE_VERSION
 LABEL org.opencontainers.image.authors="SUSE LLC (https://www.suse.com/)"
 LABEL org.opencontainers.image.title="SUSE Edge Release Manifest"
 LABEL org.opencontainers.image.description="Release Manifest containing information about a specific SUSE Edge release"
-LABEL org.opencontainers.image.version="3.4.0"
+LABEL org.opencontainers.image.version="3.5.0"
 LABEL org.opencontainers.image.url="https://www.suse.com/solutions/edge-computing/"
 LABEL org.opencontainers.image.created="%BUILDTIME%"
 LABEL org.opencontainers.image.vendor="SUSE LLC"
-LABEL org.opensuse.reference="%%IMG_REPO%%/%%IMG_PREFIX%%release-manifest:3.4.0"
+LABEL org.opensuse.reference="%%IMG_REPO%%/%%IMG_PREFIX%%release-manifest:3.5.0"
 LABEL org.openbuildservice.disturl="%DISTURL%"
 LABEL com.suse.supportlevel="%%SUPPORT_LEVEL%%"
 LABEL com.suse.eula="SUSE Combined EULA February 2024"
diff --git a/release-manifest-image/release_manifest.yaml b/release-manifest-image/release_manifest.yaml
index a4f2c22..ac73dc0 100644
--- a/release-manifest-image/release_manifest.yaml
+++ b/release-manifest-image/release_manifest.yaml
@@ -1,9 +1,9 @@
 apiVersion: lifecycle.suse.com/v1alpha1
 kind: ReleaseManifest
 metadata:
-  name: release-manifest-3-4-0
+  name: release-manifest-3-5-0
 spec:
-  releaseVersion: 3.4.0
+  releaseVersion: 3.5.0
   components:
     kubernetes:
       k3s: