diff --git a/incubator/kube-downscaler/Chart.yaml b/incubator/kube-downscaler/Chart.yaml
index 0325f58fdf22..2d81656802f8 100644
--- a/incubator/kube-downscaler/Chart.yaml
+++ b/incubator/kube-downscaler/Chart.yaml
@@ -1,6 +1,6 @@
 name: kube-downscaler
 apiVersion: v1
-version: 0.3.0
+version: 0.4.0
 appVersion: 19.10.1
 description: A Helm chart for kube-downscaler
 home: https://github.com/hjacobs/kube-downscaler
diff --git a/incubator/kube-downscaler/OWNERS b/incubator/kube-downscaler/OWNERS
new file mode 100644
index 000000000000..a69d035ab8be
--- /dev/null
+++ b/incubator/kube-downscaler/OWNERS
@@ -0,0 +1,6 @@
+approvers:
+- Rowern
+- pluies
+reviewers:
+- Rowern
+- pluies