diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4d5dca5e..2fb31087 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [1.5.0](https://github.com/googleapis/java-iam/compare/v1.4.1...v1.5.0) (2022-06-30)
+
+
+### Features
+
+* add v2beta client ([#364](https://github.com/googleapis/java-iam/issues/364)) ([0904baa](https://github.com/googleapis/java-iam/commit/0904baa7be7dda2b0c8ec9e68ade548d173761fd))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.13.0 ([#367](https://github.com/googleapis/java-iam/issues/367)) ([ece5f7d](https://github.com/googleapis/java-iam/commit/ece5f7dda5fcba488f1416593114ba6ab8ab31ef))
+* update dependency com.google.protobuf:protobuf-java to v3.21.2 ([#368](https://github.com/googleapis/java-iam/issues/368)) ([64b6349](https://github.com/googleapis/java-iam/commit/64b6349880792f3a534aa879ca1f0044d25603be))
+
 ## [1.4.1](https://github.com/googleapis/java-iam/compare/v1.4.0...v1.4.1) (2022-06-13)
 
 
diff --git a/google-iam-policy/pom.xml b/google-iam-policy/pom.xml
index bae1eb08..245de440 100644
--- a/google-iam-policy/pom.xml
+++ b/google-iam-policy/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-policy</artifactId>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:google-iam-policy:current} -->
+  <version>1.5.0</version><!-- {x-version-update:google-iam-policy:current} -->
   <packaging>jar</packaging>
   <name>Google IAM Policy</name>
   <url>https://github.com/googleapis/java-eventarc</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <properties>
     <site.installationModule>google-iam-policy</site.installationModule>
diff --git a/grpc-google-iam-v1/pom.xml b/grpc-google-iam-v1/pom.xml
index 938b488a..badfc9ee 100644
--- a/grpc-google-iam-v1/pom.xml
+++ b/grpc-google-iam-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-iam-v1</artifactId>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>grpc-google-iam-v1</name>
   <description>GRPC library for grpc-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-iam-v2beta/pom.xml b/grpc-google-iam-v2beta/pom.xml
index 4bcdd27a..0eacc7fe 100644
--- a/grpc-google-iam-v2beta/pom.xml
+++ b/grpc-google-iam-v2beta/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-iam-v2beta</artifactId>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-iam-v2beta:current} -->
+  <version>1.5.0</version><!-- {x-version-update:grpc-google-iam-v2beta:current} -->
   <name>grpc-google-iam-v2beta</name>
   <description>GRPC library for proto-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 6c3cb3c3..5521cc84 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>Google IAM Parent</name>
   <url>https://github.com/googleapis/java-iam</url>
   <description>
@@ -77,27 +77,27 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-iam-policy</artifactId>
-        <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:google-iam-policy:current} -->
+        <version>1.5.0</version><!-- {x-version-update:google-iam-policy:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-iam-v2beta</artifactId>
-        <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v2beta:current} -->
+        <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v2beta:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-iam-v1</artifactId>
-        <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-iam-v1:current} -->
+        <version>1.5.0</version><!-- {x-version-update:grpc-google-iam-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-iam-v2beta</artifactId>
-        <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-iam-v2beta:current} -->
+        <version>1.5.0</version><!-- {x-version-update:grpc-google-iam-v2beta:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-iam-v1</artifactId>
-        <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+        <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-iam-v1/pom.xml b/proto-google-iam-v1/pom.xml
index 120c3702..b9871ef5 100644
--- a/proto-google-iam-v1/pom.xml
+++ b/proto-google-iam-v1/pom.xml
@@ -3,13 +3,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-iam-v1</artifactId>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>proto-google-iam-v1</name>
   <description>PROTO library for proto-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-iam-v2beta/pom.xml b/proto-google-iam-v2beta/pom.xml
index 3a2b037b..b6fe0dd4 100644
--- a/proto-google-iam-v2beta/pom.xml
+++ b/proto-google-iam-v2beta/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-iam-v2beta</artifactId>
-  <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v2beta:current} -->
+  <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v2beta:current} -->
   <name>proto-google-iam-v2beta</name>
   <description>Proto library for proto-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.4.2-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.5.0</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index a423417f..3f1840c4 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,8 +1,8 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-iam-v1:1.4.1:1.4.2-SNAPSHOT
-grpc-google-iam-v1:1.4.1:1.4.2-SNAPSHOT
-proto-google-iam-v2beta:1.4.1:1.4.2-SNAPSHOT
-grpc-google-iam-v2beta:1.4.1:1.4.2-SNAPSHOT
-google-iam-policy:1.4.1:1.4.2-SNAPSHOT
+proto-google-iam-v1:1.5.0:1.5.0
+grpc-google-iam-v1:1.5.0:1.5.0
+proto-google-iam-v2beta:1.5.0:1.5.0
+grpc-google-iam-v2beta:1.5.0:1.5.0
+google-iam-policy:1.5.0:1.5.0