diff --git a/CHANGELOG.md b/CHANGELOG.md
index 78b8276..4d15c6a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.0.3 (2020-08-18)
+
+This prerelease upgrades the `github.com/fluxcd/pkg/*` dependencies to
+dedicated versioned modules, and makes the `api` package available as
+a dedicated versioned module.
+
 ## 0.0.2 (2020-08-12)
 
 In this prerelease the Helm package was upgraded to [v3.3.0](https://github.com/helm/helm/releases/tag/v3.3.0).
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 69bf38d..2311022 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/helm-controller
     newName: fluxcd/helm-controller
-    newTag: v0.0.2
+    newTag: v0.0.3
diff --git a/go.mod b/go.mod
index fd6ddc2..43195dc 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.14
 replace github.com/fluxcd/helm-controller/api => ./api
 
 require (
-	github.com/fluxcd/helm-controller/api v0.0.0-00010101000000-000000000000
+	github.com/fluxcd/helm-controller/api v0.0.3
 	github.com/fluxcd/pkg/lockedfile v0.0.5
 	github.com/fluxcd/pkg/recorder v0.0.5
 	github.com/fluxcd/source-controller/api v0.0.9