diff --git a/kapitan/version.py b/kapitan/version.py
index 928702551..cbd9e9b2d 100644
--- a/kapitan/version.py
+++ b/kapitan/version.py
@@ -8,7 +8,7 @@
 "Project description variables"
 
 PROJECT_NAME = "kapitan"
-VERSION = '0.27.3-rc.0'
+VERSION = '0.27.3-rc.1'
 DESCRIPTION = "Generic templated configuration management for Kubernetes, " "Terraform and other things"
 AUTHOR = "Ricardo Amaro"
 AUTHOR_EMAIL = "ramaro@google.com"