diff --git a/dependency-versions.yaml b/dependency-versions.yaml
index f6f37295..add790b5 100644
--- a/dependency-versions.yaml
+++ b/dependency-versions.yaml
@@ -40,7 +40,7 @@
         },
         "provider-openstack": {
           "repo": "https://github.com/gardener/gardener-extension-provider-openstack.git",
-          "version": "v1.16.1"
+          "version": "v1.16.2"
         },
         "shoot-cert-service": {
           "repo": "https://github.com/gardener/gardener-extension-shoot-cert-service.git",