diff --git a/manifests/kustomize/components/version/kustomization.yaml b/manifests/kustomize/components/version/kustomization.yaml
index bc36f10f4..49eaffc2a 100644
--- a/manifests/kustomize/components/version/kustomization.yaml
+++ b/manifests/kustomize/components/version/kustomization.yaml
@@ -3,8 +3,8 @@ kind: Component
 
 labels:
   - pairs:
-      app.kubernetes.io/version: 1.1.1
+      app.kubernetes.io/version: 1.2.0
 
 images:
   - name: quay.io/spotahome/redis-operator
-    newTag: v1.1.1
+    newTag: v1.2.0