diff --git a/chart/chart-index/Chart.yaml b/chart/chart-index/Chart.yaml
index 2e3967d666..3b4ca25566 100644
--- a/chart/chart-index/Chart.yaml
+++ b/chart/chart-index/Chart.yaml
@@ -85,7 +85,7 @@ dependencies:
     repository: https://oauth2-proxy.github.io/manifests
   - name: opentelemetry-operator
     alias: otel-operator
-    version: 0.99.1
+    version: 0.99.2
     repository: https://open-telemetry.github.io/opentelemetry-helm-charts
   - name: policy-reporter
     version: 3.7.0
diff --git a/charts/otel-operator/Chart.yaml b/charts/otel-operator/Chart.yaml
index e0e94c3ec7..7ff7b27df6 100644
--- a/charts/otel-operator/Chart.yaml
+++ b/charts/otel-operator/Chart.yaml
@@ -12,4 +12,4 @@ name: opentelemetry-operator
 sources:
 - https://github.com/open-telemetry/opentelemetry-operator
 type: application
-version: 0.99.1
+version: 0.99.2
diff --git a/charts/otel-operator/values.yaml b/charts/otel-operator/values.yaml
index 2c674b4786..2ddf917eb1 100644
--- a/charts/otel-operator/values.yaml
+++ b/charts/otel-operator/values.yaml
@@ -240,7 +240,7 @@ kubeRBACProxy:
   enabled: true
   image:
     repository: quay.io/brancz/kube-rbac-proxy
-    tag: v0.19.1
+    tag: v0.20.0
   ports:
     proxyPort: 8443
   resources: {}