diff --git a/charts/graphite/Chart.yaml b/charts/graphite/Chart.yaml
index efbd7044..123bce8c 100644
--- a/charts/graphite/Chart.yaml
+++ b/charts/graphite/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v1
-version: 1.1.0
+version: 1.2.0
 appVersion: "1.1.10-3"
 description: Graphite metrics server
 name: graphite
diff --git a/charts/graphite/README.md b/charts/graphite/README.md
index d79ea674..2b62fd63 100644
--- a/charts/graphite/README.md
+++ b/charts/graphite/README.md
@@ -37,9 +37,10 @@ The following table lists the configurable parameters of the Graphite chart and
 |             Parameter          |            Description                       |                  Default               |
 |--------------------------------|----------------------------------------------|----------------------------------------|
 | `image.repository`             | Docker image repo                            | `graphiteapp/graphite-statsd`          |
-| `image.tag`                    | Docker image                                 | `1.1.5-4`                                |
+| `image.tag`                    | Docker image                                 | `1.1.5-4`                              |
 | `image.pullPolicy`             | Docker image pull policy                     | `IfNotPresent`                         |
 | `service.type`                 | Service type                                 | `ClusterIP`                            |
+| `service.loadBalancerIP`       | Service loadBalancerIP                       | `nil`                                  |
 | `service.port`                 | Service port of Graphite UI                  | `8080`                                 |
 | `service.annotations`          | Service annotations                          | `{}`                                   |
 | `service.labels`               | Service labels                               | `{}`                                   |
diff --git a/charts/graphite/templates/service.yaml b/charts/graphite/templates/service.yaml
index abbdd519..7dae4be2 100644
--- a/charts/graphite/templates/service.yaml
+++ b/charts/graphite/templates/service.yaml
@@ -16,6 +16,9 @@ metadata:
 {{- end }}
 spec:
   type: {{ .Values.service.type }}
+{{- if and (eq .Values.service.type "LoadBalancer") (.Values.service.loadBalancerIP) }}
+  loadBalancerIP: {{ .Values.service.loadBalancerIP }}
+{{- end }}
   ports:
     - name: graphite-pickle
       port: 2004
diff --git a/charts/graphite/values.yaml b/charts/graphite/values.yaml
index 667e71d1..a8b87e19 100644
--- a/charts/graphite/values.yaml
+++ b/charts/graphite/values.yaml
@@ -7,6 +7,8 @@ image:
 
 service:
   type: ClusterIP
+  # In case of service type LoadBalancer, you can specify reserved static IP
+  # loadBalancerIP: 10.11.12.13
   port: 8080
   annotations: {}
   labels: {}