diff --git a/charts/metrics-server/CHANGELOG.md b/charts/metrics-server/CHANGELOG.md
index a14d16a07..735a0e369 100644
--- a/charts/metrics-server/CHANGELOG.md
+++ b/charts/metrics-server/CHANGELOG.md
@@ -14,7 +14,13 @@
 
 ## [UNRELEASED]
 
-## [3.12.0] - TBC
+## [3.12.1] - TBC
+
+### Changed
+
+- Updated the _Metrics Server_ OCI image to [v0.7.1](https://github.com/kubernetes-sigs/metrics-server/releases/tag/v0.7.1). ([#1461](https://github.com/kubernetes-sigs/metrics-server/pull/1461)) _@stevehipwell_
+
+## [3.12.0] - 2024-02-07
 
 ### Changed
 
@@ -127,7 +133,8 @@
 <!--
 RELEASE LINKS
 -->
-[UNRELEASED]: https://github.com/kubernetes-sigs/metrics-server/compare/metrics-server-helm-chart-3.12.0...HEAD
+[UNRELEASED]: https://github.com/kubernetes-sigs/metrics-server/tree/master/charts/metrics-server
+[3.12.1]: https://github.com/kubernetes-sigs/metrics-server/releases/tag/metrics-server-helm-chart-3.12.1
 [3.12.0]: https://github.com/kubernetes-sigs/metrics-server/releases/tag/metrics-server-helm-chart-3.12.0
 [3.11.0]: https://github.com/kubernetes-sigs/metrics-server/releases/tag/metrics-server-helm-chart-3.11.0
 [3.10.0]: https://github.com/kubernetes-sigs/metrics-server/releases/tag/metrics-server-helm-chart-3.10.0
diff --git a/charts/metrics-server/Chart.yaml b/charts/metrics-server/Chart.yaml
index d1d2ee228..eb26cc7d4 100644
--- a/charts/metrics-server/Chart.yaml
+++ b/charts/metrics-server/Chart.yaml
@@ -2,8 +2,8 @@ apiVersion: v2
 name: metrics-server
 description: Metrics Server is a scalable, efficient source of container resource metrics for Kubernetes built-in autoscaling pipelines.
 type: application
-version: 3.12.0
-appVersion: 0.7.0
+version: 3.12.1
+appVersion: 0.7.1
 keywords:
   - kubernetes
   - metrics-server
@@ -22,6 +22,4 @@ maintainers:
 annotations:
   artifacthub.io/changes: |
     - kind: changed
-      description: "Updated the _Metrics Server_ OCI image to [v0.7.0](https://github.com/kubernetes-sigs/metrics-server/releases/tag/v0.7.0)."
-    - kind: changed
-      description: "Updated the _addon-resizer_ OCI image to [v1.8.20](https://github.com/kubernetes/autoscaler/releases/tag/addon-resizer-1.8.20)."
+      description: "Updated the _Metrics Server_ OCI image to [v0.7.1](https://github.com/kubernetes-sigs/metrics-server/releases/tag/v0.7.1)."
diff --git a/test/test-e2e.sh b/test/test-e2e.sh
index 781a648a5..73d3aade2 100755
--- a/test/test-e2e.sh
+++ b/test/test-e2e.sh
@@ -7,10 +7,10 @@ set -e
 : ${KIND_CONFIG:="$PWD/test/kind-config.yaml"}
 
 
-KIND_VERSION=0.20.0
-SKAFFOLD_VERSION=2.9.0
-HELM_VERSION=3.13.2
-KUBECTL_VERSION=1.28.4
+KIND_VERSION=0.22.0
+SKAFFOLD_VERSION=2.10.1
+HELM_VERSION=3.14.3
+KUBECTL_VERSION=1.28.7
 case $(uname -m) in
   x86_64)
     ARCH="amd64"
@@ -123,4 +123,4 @@ run_tests
 if [[ ${ARTIFACTS} != "" ]] ; then
   setup_kubectl
   upload_metrics_server_logs
-fi
\ No newline at end of file
+fi