diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000000000000000000000000000000000000..d0a66f6f41bf93e869278ae8071796c687b16197
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,83 @@
+# [1.0.0-beta.3](https://git.gitlab.arm.com/ci/component/bazelisk/compare/v1.0.0-beta.2...v1.0.0-beta.3) (2024-02-24)
+
+### Bug Fixes
+
+- move run commands copying into `before_script` ([5f26233](https://git.gitlab.arm.com/ci/component/bazelisk/commit/5f26233b79ebb92d89cd66a99bdf85900e0752e8))
+- remove `diff` ([eda49db](https://git.gitlab.arm.com/ci/component/bazelisk/commit/eda49dbb2d5758aed02a6e1cb6e0c3a6ca850af0))
+- upgrade `bazelisk@1.19.0` ([9d32020](https://git.gitlab.arm.com/ci/component/bazelisk/commit/9d320206a322535ccd54a0ade4533b948fbc4985))
+- upgrade to `linux-libc-dev@6.1.76` ([55c4635](https://git.gitlab.arm.com/ci/component/bazelisk/commit/55c463522383c05d9816bcc522bf9da15da53e97))
+
+### chore
+
+- remote GitLab 16.5 workaround ([16f27f9](https://git.gitlab.arm.com/ci/component/bazelisk/commit/16f27f9faeb130355babcb576adc592873c03be9))
+
+### BREAKING CHANGES
+
+- Template no longer supports GitLab less than 16.5
+
+The `bazelisk/template.yml` file has been removed which was required
+for the CI component to be picked up on the experimental implementation
+in 16.4 and less.
+
+- `diff` has been removed.
+
+Use the hermetic [`rules_diff`][rules_diff] Bazel module.
+
+[rules_diff]: https://registry.bazel.build/modules/rules_diff
+
+# [1.0.0-beta.2](https://git.gitlab.arm.com/ci/component/bazelisk/compare/v1.0.0-beta.1...v1.0.0-beta.2) (2024-01-04)
+
+### Bug Fixes
+
+- add stage to `.bazelisk` job ([8282d71](https://git.gitlab.arm.com/ci/component/bazelisk/commit/8282d7129fad6a36d28f1c7dc78364161a109562))
+- commit to new component directory structure ([c5ced29](https://git.gitlab.arm.com/ci/component/bazelisk/commit/c5ced293dbed2c4371f544c529130a1b14c86f1d))
+- pin bazel version ([f992954](https://git.gitlab.arm.com/ci/component/bazelisk/commit/f992954e8ad96bab04d5b61736389b2956cbb859))
+- **release:** correct JavaScript `Object.freeze` usage ([38465a1](https://git.gitlab.arm.com/ci/component/bazelisk/commit/38465a17485a0f1d0bd16c8c8e372d60a556b15e))
+
+### BREAKING CHANGES
+
+- The component must be included via the `bazelisk` name.
+
+The nameless include in `1.0.0-beta.1` is no longer supported.
+
+```
+include:
+  - component: "${CI_SERVER_HOST}/ci/component/bazelisk@1.0.0-beta.1"
+```
+
+Add the `/bazelisk` named CI component:
+
+```
+include:
+  - component: "${CI_SERVER_HOST}/ci/component/bazelisk/bazelisk@1.0.0-beta.2"
+```
+
+This is due to GitLab CI components being stabilised and the nameless component
+support being removed.
+
+# 1.0.0-beta.1 (2023-12-20)
+
+### Bug Fixes
+
+- upgrade `rules_oci` ([cfd894c](https://git.gitlab.arm.com/ci/component/bazelisk/commit/cfd894cec2f222ea5214f5f1cf98421147ce7b52))
+- upgrade distroless image ([e6fca24](https://git.gitlab.arm.com/ci/component/bazelisk/commit/e6fca24d6fae1ae489a358a3264bba9d9a1dea60))
+- upgrade to `linux-libc-dev@6.1.66` ([32087fc](https://git.gitlab.arm.com/ci/component/bazelisk/commit/32087fcf2bfa5221fca041726f7b60cad71d00cd))
+- use `pushd`/`popd` built-ins. ([83b658d](https://git.gitlab.arm.com/ci/component/bazelisk/commit/83b658d58994943a24267cb1508d1877b2b9b7e5))
+
+### Code Refactoring
+
+- switch to `.bazelisk-fragment` ([7afa43b](https://git.gitlab.arm.com/ci/component/bazelisk/commit/7afa43badf14d986666b8fb6c70ef0e3773b48f7))
+
+### Features
+
+- add rules to enable merged results pipelines ([603b07a](https://git.gitlab.arm.com/ci/component/bazelisk/commit/603b07ab4ac326d21df811de1ffe673c8125a013))
+- all multiple run command environment variable replacements ([f82edd7](https://git.gitlab.arm.com/ci/component/bazelisk/commit/f82edd7b3e314325df49e000d52401e86e93f847))
+- allow replacement of `CI_PROJECT_ID` ([79bc0a5](https://git.gitlab.arm.com/ci/component/bazelisk/commit/79bc0a5cc1cb515ab74ee0c2b7302b3b59420fbd))
+- explicitly set no job dependencies ([5e9bb4c](https://git.gitlab.arm.com/ci/component/bazelisk/commit/5e9bb4c8d9b9f6adfbff6fea0e4e447e7c53a7d3))
+- image build and CI component ([fb002de](https://git.gitlab.arm.com/ci/component/bazelisk/commit/fb002de994aa01efec0543432529241bacd71420))
+
+### BREAKING CHANGES
+
+- `.bazelisk-script` is now `.bazelisk-fragment`
+
+Update any `!reference[.bazelisk-script, ...]` to `!reference[.bazelisk-fragment, ...]`
diff --git a/MODULE.bazel b/MODULE.bazel
index fc1e14ed42ca792723e53e36aed24a996ca5bfb3..48051036586d4b120e8c35430a2122ea967422e6 100644
--- a/MODULE.bazel
+++ b/MODULE.bazel
@@ -1,6 +1,6 @@
 module(
     name = "bazelisk",
-    version = "0.0.0",
+    version = "1.0.0-beta.3",
     bazel_compatibility = [
         ">=7.0.0",
     ],
diff --git a/templates/bazelisk.yml b/templates/bazelisk.yml
index 0bae7faf9ad0f8458f064ee73c3815577afa96dc..d8f6eef73c964eb394cfd1a99b673085f94dc1e5 100644
--- a/templates/bazelisk.yml
+++ b/templates/bazelisk.yml
@@ -3,7 +3,7 @@ spec:
     image:
       default: registry.gitlab.arm.com/ci/component/bazelisk
     tag:
-      default: latest
+      default: 1.0.0-beta.3
     stage:
       default: test
     src:
@@ -43,6 +43,7 @@ spec:
     - pushd "${ROOT}"
     - >
       "$[[inputs.bazelisk]]" "$[[inputs.command]]" "$[[inputs.target]]"
+
     - popd
   testlogs: # https://gitlab.com/gitlab-org/gitlab/-/issues/19746
     - |
@@ -60,7 +61,6 @@ spec:
           mv bazel-testlogs{~,}
       fi
       popd
-
 .bazelisk:
   image: "$[[inputs.image]]:$[[inputs.tag]]"
   needs: []
@@ -91,3 +91,7 @@ spec:
     - if: $CI_COMMIT_REF_PROTECTED == "true"
     - if: $CI_COMMIT_BRANCH == $CI_DEFAULT_BRANCH
     - if: $CI_FORCE == "true"
+spec:
+  inputs:
+    tag:
+      default: 1.0.0-beta.3