diff --git a/templates/provider/cluster-api-provider-vsphere/Chart.yaml b/templates/provider/cluster-api-provider-vsphere/Chart.yaml
index ad5549111..66915de0c 100644
--- a/templates/provider/cluster-api-provider-vsphere/Chart.yaml
+++ b/templates/provider/cluster-api-provider-vsphere/Chart.yaml
@@ -13,12 +13,12 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.0.4
+version: 0.0.5
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "1.11.3"
+appVersion: "1.12.0"
 annotations:
   cluster.x-k8s.io/provider: infrastructure-vsphere
   cluster.x-k8s.io/v1beta1: v1beta1
diff --git a/templates/provider/cluster-api-provider-vsphere/templates/provider.yaml b/templates/provider/cluster-api-provider-vsphere/templates/provider.yaml
index 50f396b6f..26b51b862 100644
--- a/templates/provider/cluster-api-provider-vsphere/templates/provider.yaml
+++ b/templates/provider/cluster-api-provider-vsphere/templates/provider.yaml
@@ -3,7 +3,7 @@ kind: InfrastructureProvider
 metadata:
   name: vsphere
 spec:
-  version: v1.11.3
+  version: v1.12.0
   {{- if .Values.configSecret.name }}
   configSecret:
     name: {{ .Values.configSecret.name }}
diff --git a/templates/provider/hmc-templates/files/release.yaml b/templates/provider/hmc-templates/files/release.yaml
index 93dd1362c..277a2f3fb 100644
--- a/templates/provider/hmc-templates/files/release.yaml
+++ b/templates/provider/hmc-templates/files/release.yaml
@@ -16,7 +16,7 @@ spec:
     - name: cluster-api-provider-azure
       template: cluster-api-provider-azure-0-0-4
     - name: cluster-api-provider-vsphere
-      template: cluster-api-provider-vsphere-0-0-4
+      template: cluster-api-provider-vsphere-0-0-5
     - name: cluster-api-provider-aws
       template: cluster-api-provider-aws-0-0-4
     - name: cluster-api-provider-openstack
diff --git a/templates/provider/hmc-templates/files/templates/cluster-api-provider-vsphere.yaml b/templates/provider/hmc-templates/files/templates/cluster-api-provider-vsphere.yaml
index 57a07e833..90032a55a 100644
--- a/templates/provider/hmc-templates/files/templates/cluster-api-provider-vsphere.yaml
+++ b/templates/provider/hmc-templates/files/templates/cluster-api-provider-vsphere.yaml
@@ -1,14 +1,14 @@
 apiVersion: hmc.mirantis.com/v1alpha1
 kind: ProviderTemplate
 metadata:
-  name: cluster-api-provider-vsphere-0-0-4
+  name: cluster-api-provider-vsphere-0-0-5
   annotations:
     helm.sh/resource-policy: keep
 spec:
   helm:
     chartSpec:
       chart: cluster-api-provider-vsphere
-      version: 0.0.4
+      version: 0.0.5
       interval: 10m0s
       sourceRef:
         kind: HelmRepository