diff --git a/CHANGELOG.md b/CHANGELOG.md
index b187a908..40b9d0e9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [0.5.0](https://github.com/googleapis/java-network-security/compare/v0.4.4...v0.5.0) (2022-05-19)
+
+
+### Features
+
+* add build scripts for native image testing in Java 17 ([#1440](https://github.com/googleapis/java-network-security/issues/1440)) ([#162](https://github.com/googleapis/java-network-security/issues/162)) ([413cc71](https://github.com/googleapis/java-network-security/commit/413cc715e29327523b4f1dfac65998b08ac8142d))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.11.0 ([#161](https://github.com/googleapis/java-network-security/issues/161)) ([5c97483](https://github.com/googleapis/java-network-security/commit/5c9748366c4b4dde640a90ed5b947750d1f06867))
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.12.0 ([#163](https://github.com/googleapis/java-network-security/issues/163)) ([4e433f9](https://github.com/googleapis/java-network-security/commit/4e433f976c001d4e71a24519e4cc95c5f799600a))
+
 ### [0.4.4](https://github.com/googleapis/java-network-security/compare/v0.4.3...v0.4.4) (2022-04-15)
 
 
diff --git a/google-cloud-network-security-bom/pom.xml b/google-cloud-network-security-bom/pom.xml
index e1c7e474..cc804c33 100644
--- a/google-cloud-network-security-bom/pom.xml
+++ b/google-cloud-network-security-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-network-security-bom</artifactId>
-  <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+  <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -56,17 +56,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-network-security</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+        <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-network-security-v1beta1</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
+        <version>0.5.0</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-network-security-v1beta1</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
+        <version>0.5.0</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-network-security/pom.xml b/google-cloud-network-security/pom.xml
index da7d518e..76eaaef5 100644
--- a/google-cloud-network-security/pom.xml
+++ b/google-cloud-network-security/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-network-security</artifactId>
-  <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+  <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   <packaging>jar</packaging>
   <name>Google Network Security API</name>
   <url>https://github.com/googleapis/java-network-security</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-network-security-parent</artifactId>
-    <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+    <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-network-security</site.installationModule>
diff --git a/grpc-google-cloud-network-security-v1beta1/pom.xml b/grpc-google-cloud-network-security-v1beta1/pom.xml
index 4be2a45e..d0568439 100644
--- a/grpc-google-cloud-network-security-v1beta1/pom.xml
+++ b/grpc-google-cloud-network-security-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-network-security-v1beta1</artifactId>
-  <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
+  <version>0.5.0</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
   <name>grpc-google-cloud-network-security-v1beta1</name>
   <description>GRPC library for google-cloud-network-security</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-network-security-parent</artifactId>
-    <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+    <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 2a8aa136..5240af46 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-network-security-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+  <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   <name>Google Network Security API Parent</name>
   <url>https://github.com/googleapis/java-network-security</url>
   <description>
@@ -69,17 +69,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-network-security</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+        <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-network-security-v1beta1</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
+        <version>0.5.0</version><!-- {x-version-update:grpc-google-cloud-network-security-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-network-security-v1beta1</artifactId>
-        <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
+        <version>0.5.0</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-network-security-v1beta1/pom.xml b/proto-google-cloud-network-security-v1beta1/pom.xml
index 1f8d6809..dcbbdd4f 100644
--- a/proto-google-cloud-network-security-v1beta1/pom.xml
+++ b/proto-google-cloud-network-security-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-network-security-v1beta1</artifactId>
-  <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
+  <version>0.5.0</version><!-- {x-version-update:proto-google-cloud-network-security-v1beta1:current} -->
   <name>proto-google-cloud-network-security-v1beta1</name>
   <description>Proto library for google-cloud-network-security</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-network-security-parent</artifactId>
-    <version>0.4.5-SNAPSHOT</version><!-- {x-version-update:google-cloud-network-security:current} -->
+    <version>0.5.0</version><!-- {x-version-update:google-cloud-network-security:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index 749865a6..c0bfe4bb 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-network-security:0.4.4:0.4.5-SNAPSHOT
-grpc-google-cloud-network-security-v1beta1:0.4.4:0.4.5-SNAPSHOT
-proto-google-cloud-network-security-v1beta1:0.4.4:0.4.5-SNAPSHOT
+google-cloud-network-security:0.5.0:0.5.0
+grpc-google-cloud-network-security-v1beta1:0.5.0:0.5.0
+proto-google-cloud-network-security-v1beta1:0.5.0:0.5.0