diff --git a/manifests/v1beta1/components/controller/katib-config.yaml b/manifests/v1beta1/components/controller/katib-config.yaml
index 00c143a5deb..1cfb0b6dac3 100644
--- a/manifests/v1beta1/components/controller/katib-config.yaml
+++ b/manifests/v1beta1/components/controller/katib-config.yaml
@@ -7,13 +7,13 @@ data:
   metrics-collector-sidecar: |-
     {
       "StdOut": {
-        "image": "docker.io/kubeflowkatib/file-metrics-collector:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/file-metrics-collector:v0.12.0"
       },
       "File": {
-        "image": "docker.io/kubeflowkatib/file-metrics-collector:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/file-metrics-collector:v0.12.0"
       },
       "TensorFlowEvent": {
-        "image": "docker.io/kubeflowkatib/tfevent-metrics-collector:v0.12.0-rc.1",
+        "image": "docker.io/kubeflowkatib/tfevent-metrics-collector:v0.12.0",
         "resources": {
           "limits": {
             "memory": "1Gi"
@@ -24,31 +24,31 @@ data:
   suggestion: |-
     {
       "random": {
-        "image": "docker.io/kubeflowkatib/suggestion-hyperopt:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-hyperopt:v0.12.0"
       },
       "tpe": {
-        "image": "docker.io/kubeflowkatib/suggestion-hyperopt:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-hyperopt:v0.12.0"
       },
       "grid": {
-        "image": "docker.io/kubeflowkatib/suggestion-chocolate:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-chocolate:v0.12.0"
       },
       "hyperband": {
-        "image": "docker.io/kubeflowkatib/suggestion-hyperband:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-hyperband:v0.12.0"
       },
       "bayesianoptimization": {
-        "image": "docker.io/kubeflowkatib/suggestion-skopt:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-skopt:v0.12.0"
       },
       "cmaes": {
-        "image": "docker.io/kubeflowkatib/suggestion-goptuna:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-goptuna:v0.12.0"
       },
       "sobol": {
-        "image": "docker.io/kubeflowkatib/suggestion-goptuna:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-goptuna:v0.12.0"
       },
       "multivariate-tpe": {
-        "image": "docker.io/kubeflowkatib/suggestion-optuna:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-optuna:v0.12.0"
       },
       "enas": {
-        "image": "docker.io/kubeflowkatib/suggestion-enas:v0.12.0-rc.1",
+        "image": "docker.io/kubeflowkatib/suggestion-enas:v0.12.0",
         "resources": {
           "limits": {
             "memory": "200Mi"
@@ -56,12 +56,12 @@ data:
         }
       },
       "darts": {
-        "image": "docker.io/kubeflowkatib/suggestion-darts:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/suggestion-darts:v0.12.0"
       }
     }
   early-stopping: |-
     {
       "medianstop": {
-        "image": "docker.io/kubeflowkatib/earlystopping-medianstop:v0.12.0-rc.1"
+        "image": "docker.io/kubeflowkatib/earlystopping-medianstop:v0.12.0"
       }
     }
diff --git a/manifests/v1beta1/installs/katib-cert-manager/kustomization.yaml b/manifests/v1beta1/installs/katib-cert-manager/kustomization.yaml
index afa1d767e7e..4768f329d12 100644
--- a/manifests/v1beta1/installs/katib-cert-manager/kustomization.yaml
+++ b/manifests/v1beta1/installs/katib-cert-manager/kustomization.yaml
@@ -21,13 +21,13 @@ resources:
 images:
   - name: docker.io/kubeflowkatib/katib-controller
     newName: docker.io/kubeflowkatib/katib-controller
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-db-manager
     newName: docker.io/kubeflowkatib/katib-db-manager
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-ui
     newName: docker.io/kubeflowkatib/katib-ui
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
 
 patchesStrategicMerge:
   - patches/katib-cert-injection.yaml
diff --git a/manifests/v1beta1/installs/katib-external-db/kustomization.yaml b/manifests/v1beta1/installs/katib-external-db/kustomization.yaml
index 7c58c722a34..d3125367efd 100644
--- a/manifests/v1beta1/installs/katib-external-db/kustomization.yaml
+++ b/manifests/v1beta1/installs/katib-external-db/kustomization.yaml
@@ -19,16 +19,16 @@ resources:
 images:
   - name: docker.io/kubeflowkatib/katib-controller
     newName: docker.io/kubeflowkatib/katib-controller
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-db-manager
     newName: docker.io/kubeflowkatib/katib-db-manager
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-ui
     newName: docker.io/kubeflowkatib/katib-ui
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/cert-generator
     newName: docker.io/kubeflowkatib/cert-generator
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
 patchesStrategicMerge:
   - patches/db-manager.yaml
 # Modify katib-mysql-secrets with parameters for the DB.
diff --git a/manifests/v1beta1/installs/katib-openshift/kustomization.yaml b/manifests/v1beta1/installs/katib-openshift/kustomization.yaml
index 319604832ba..2b598ebbeb8 100644
--- a/manifests/v1beta1/installs/katib-openshift/kustomization.yaml
+++ b/manifests/v1beta1/installs/katib-openshift/kustomization.yaml
@@ -30,13 +30,13 @@ resources:
 images:
   - name: docker.io/kubeflowkatib/katib-controller
     newName: docker.io/kubeflowkatib/katib-controller
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-db-manager
     newName: docker.io/kubeflowkatib/katib-db-manager
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-ui
     newName: docker.io/kubeflowkatib/katib-ui
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
 
 patchesJson6902:
   # Annotate Service to delegate TLS-secret generation to OpenShift service controller
diff --git a/manifests/v1beta1/installs/katib-standalone/kustomization.yaml b/manifests/v1beta1/installs/katib-standalone/kustomization.yaml
index e099dde7942..81f7a2e0423 100644
--- a/manifests/v1beta1/installs/katib-standalone/kustomization.yaml
+++ b/manifests/v1beta1/installs/katib-standalone/kustomization.yaml
@@ -21,13 +21,13 @@ resources:
 images:
   - name: docker.io/kubeflowkatib/katib-controller
     newName: docker.io/kubeflowkatib/katib-controller
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-db-manager
     newName: docker.io/kubeflowkatib/katib-db-manager
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-ui
     newName: docker.io/kubeflowkatib/katib-ui
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/cert-generator
     newName: docker.io/kubeflowkatib/cert-generator
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
diff --git a/manifests/v1beta1/installs/katib-with-kubeflow/kustomization.yaml b/manifests/v1beta1/installs/katib-with-kubeflow/kustomization.yaml
index 2ff60c814bd..9442ad8705f 100644
--- a/manifests/v1beta1/installs/katib-with-kubeflow/kustomization.yaml
+++ b/manifests/v1beta1/installs/katib-with-kubeflow/kustomization.yaml
@@ -9,13 +9,13 @@ resources:
 images:
   - name: docker.io/kubeflowkatib/katib-controller
     newName: docker.io/kubeflowkatib/katib-controller
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-db-manager
     newName: docker.io/kubeflowkatib/katib-db-manager
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
   - name: docker.io/kubeflowkatib/katib-ui
     newName: docker.io/kubeflowkatib/katib-ui
-    newTag: v0.12.0-rc.1
+    newTag: v0.12.0
 
 patchesStrategicMerge:
   - patches/remove-namespace.yaml
diff --git a/sdk/python/v1beta1/setup.py b/sdk/python/v1beta1/setup.py
index b0f1fb1f8b1..ba7f3254fe3 100644
--- a/sdk/python/v1beta1/setup.py
+++ b/sdk/python/v1beta1/setup.py
@@ -19,7 +19,7 @@
 
 setuptools.setup(
     name='kubeflow-katib',
-    version='0.12.0rc1',
+    version='0.12.0',
     author="Kubeflow Authors",
     author_email='premnath.vel@gmail.com',
     license="Apache License Version 2.0",