diff --git a/src/aks-agent/HISTORY.rst b/src/aks-agent/HISTORY.rst
index 2ad2257c24f..dc3149d7d05 100644
--- a/src/aks-agent/HISTORY.rst
+++ b/src/aks-agent/HISTORY.rst
@@ -12,6 +12,11 @@ To release a new version, please select a new version number (usually plus 1 to
 Pending
 +++++++
 
+1.0.0b20
+++++++++
+* Bump aks-agent to v0.5.0
+  * Add probe and seccompProfile to address compatibility with AKS Automatic clusters
+
 1.0.0b19
 ++++++++
 * Bump aks-agent to v0.4.0
@@ -29,7 +34,7 @@ Pending
 1.0.0b17
 ++++++++
 * Fix: remove the prompt to user about managed identity client id during `az aks agent-init`
- 
+
 1.0.0b16
 ++++++++
 * Fix: client mode use AzureCLICredential to authenticate with Azure
diff --git a/src/aks-agent/azext_aks_agent/_consts.py b/src/aks-agent/azext_aks_agent/_consts.py
index a5d1d9726b9..97b3968e157 100644
--- a/src/aks-agent/azext_aks_agent/_consts.py
+++ b/src/aks-agent/azext_aks_agent/_consts.py
@@ -52,7 +52,7 @@
 AKS_MCP_LABEL_SELECTOR = "app.kubernetes.io/name=aks-mcp"
 
 # AKS Agent Version (shared by helm chart and docker image)
-AKS_AGENT_VERSION = "0.4.0"
+AKS_AGENT_VERSION = "0.5.0"
 
 # Helm Configuration
 HELM_VERSION = "3.16.0"
diff --git a/src/aks-agent/setup.py b/src/aks-agent/setup.py
index 9e14304cf75..0771638cc22 100644
--- a/src/aks-agent/setup.py
+++ b/src/aks-agent/setup.py
@@ -9,7 +9,7 @@
 
 from setuptools import find_packages, setup
 
-VERSION = "1.0.0b19"
+VERSION = "1.0.0b20"
 
 CLASSIFIERS = [
     "Development Status :: 4 - Beta",