diff --git a/README.md b/README.md
index 7396f81518..23b3b421a3 100644
--- a/README.md
+++ b/README.md
@@ -17,8 +17,8 @@ This is the "external" or "out-of-tree" cloud provider for Azure. The "in-tree"
 
 The latest release of azure-cloud-controller-manager and azure-cloud-node-manager can be found at
 
-* `mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.32.3`
-* `mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.32.3`
+* `mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.34.1`
+* `mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.34.1`
 
 ### Version matrix
 
@@ -28,6 +28,7 @@ The latest release of azure-cloud-controller-manager and azure-cloud-node-manage
 |--------------------|------------------------|-----------------------|
 | master             | N/A                    | master                |
 | v1.y.x             | v1.y.z                 | release-1.y           |
+| v1.34.x            | v1.34.z                | release-1.34          |
 | v1.33.x            | v1.33.z                | release-1.33          |
 | v1.32.x            | v1.32.z                | release-1.32          |
 | v1.31.x            | v1.31.z                | release-1.31          |
@@ -41,6 +42,7 @@ The table below shows the cloud-controller-manager and cloud-node-manager versio
 
 | AKS version                 | cloud-controller-manager version | cloud-node-manager version |
 |-----------------------------|----------------------------------|----------------------------|
+| v1.34.x                     | v1.34.1                          | v1.34.1                    |
 | v1.33.x                     | v1.33.1                          | v1.33.0                    |
 | v1.32.x                     | v1.32.6                          | v1.32.5                    |
 | v1.31.x                     | v1.31.7                          | v1.31.6                    |
diff --git a/examples/out-of-tree/cloud-controller-manager.yaml b/examples/out-of-tree/cloud-controller-manager.yaml
index 9680d65df3..b43dcddf6f 100644
--- a/examples/out-of-tree/cloud-controller-manager.yaml
+++ b/examples/out-of-tree/cloud-controller-manager.yaml
@@ -167,7 +167,7 @@ spec:
         effect: NoSchedule
       containers:
       - name: cloud-controller-manager
-        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.33.1
+        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-controller-manager:v1.34.1
         imagePullPolicy: IfNotPresent
         command:
         - "cloud-controller-manager"
diff --git a/examples/out-of-tree/cloud-node-manager.yaml b/examples/out-of-tree/cloud-node-manager.yaml
index d8278e46ab..15842b1d6f 100644
--- a/examples/out-of-tree/cloud-node-manager.yaml
+++ b/examples/out-of-tree/cloud-node-manager.yaml
@@ -79,7 +79,7 @@ spec:
         effect: NoSchedule
       containers:
       - name: cloud-node-manager
-        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.33.1
+        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.34.1
         imagePullPolicy: IfNotPresent
         command:
         - cloud-node-manager
@@ -136,7 +136,7 @@ spec:
         effect: NoSchedule
       containers:
       - name: cloud-node-manager
-        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.33.1
+        image: mcr.microsoft.com/oss/kubernetes/azure-cloud-node-manager:v1.34.1
         imagePullPolicy: IfNotPresent
         command:
         - /cloud-node-manager.exe