diff --git a/CHANGELOG.md b/CHANGELOG.md
index 24b3cce03..a9c846bd9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## 0.18.2
+
+**Release date:** 2022-03-25
+
+This prerelease updates the source-controller and Kustomize dependencies to
+their latest versions.
+
+Improvements:
+- Update Kustomize to v4.5.3
+  [#449](https://github.com/fluxcd/helm-controller/pull/449)
+- Update source-controller API to v0.22.3
+  [#450](https://github.com/fluxcd/helm-controller/pull/450)
+
 ## 0.18.1
 
 **Release date:** 2022-03-23
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 59872d9a5..136b860bc 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: v0.18.1
+    newTag: v0.18.2
diff --git a/go.mod b/go.mod
index cbed864cc..dfced7d2a 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.17
 replace github.com/fluxcd/helm-controller/api => ./api
 
 require (
-	github.com/fluxcd/helm-controller/api v0.18.1
+	github.com/fluxcd/helm-controller/api v0.18.2
 	github.com/fluxcd/pkg/apis/acl v0.0.3
 	github.com/fluxcd/pkg/apis/kustomize v0.3.2
 	github.com/fluxcd/pkg/apis/meta v0.12.1