diff --git a/Makefile b/Makefile
index a763a9051..6f358bd82 100644
--- a/Makefile
+++ b/Makefile
@@ -268,6 +268,10 @@ endif
 
 # Release building
 
+.PHONY: patch-readme
+patch-readme:
+	$(ROOTDIR)/scripts/patch_readme.sh $(VERSION_MAJOR_MINOR_PATCH)
+
 .PHONY: update-changelog
 changelog:
 	docker run -it --rm \
diff --git a/scripts/patch_readme.sh b/scripts/patch_readme.sh
new file mode 100755
index 000000000..6532c8388
--- /dev/null
+++ b/scripts/patch_readme.sh
@@ -0,0 +1,16 @@
+#!/bin/bash
+
+# Updates the installation instructions in README.md to reflect the current 
+# version.
+
+VERSION=$1
+
+if [ -z $VERSION ]; then
+    echo "Specify a version argument"
+    exit 1
+fi
+
+f=README.md
+sed -e "s@^kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/.*/manifests/crd.yaml\$@kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/${VERSION}/manifests/crd.yaml@g" -i "" $f
+sed -e "s@^kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/.*/manifests/arango-deployment.yaml\$@kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/${VERSION}/manifests/arango-deployment.yaml@g" -i "" $f
+sed -e "s@^kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/.*/manifests/arango-storage.yaml\$@kubectl apply -f https://raw.githubusercontent.com/arangodb/kube-arangodb/${VERSION}/manifests/arango-storage.yaml@g" -i "" $f
diff --git a/tools/release/release.go b/tools/release/release.go
index dc796f1ca..42f4be83c 100644
--- a/tools/release/release.go
+++ b/tools/release/release.go
@@ -62,6 +62,7 @@ func main() {
 		"IMAGETAG":        version,
 		"MANIFESTSUFFIX":  "-",
 	})
+	make("patch-readme", nil)
 	make("build-ghrelease", nil)
 	gitCommitAll(fmt.Sprintf("Updated manifest to %s", version)) // Commit manifest
 	gitTag(version)