diff --git a/hack/tools/release/notes/generator.go b/hack/tools/release/notes/generator.go
index 9acb60cd6269..11e63f722889 100644
--- a/hack/tools/release/notes/generator.go
+++ b/hack/tools/release/notes/generator.go
@@ -49,7 +49,7 @@ type pr struct {
 
 // prLister returns a list of PRs.
 type prLister interface {
-	listPRs() ([]pr, error)
+	listPRs(previousRelease ref) ([]pr, error)
 }
 
 // notesEntry represents a line item for the release notes.
@@ -67,25 +67,39 @@ type prProcessor interface {
 // entriesPrinter formats and outputs to stdout the notes
 // based on a list of entries.
 type entriesPrinter interface {
-	print([]notesEntry, int, string)
+	print([]notesEntry, int, string, ref)
 }
 
-// run generates and prints the notes.
-func (g *notesGenerator) run() error {
-	prs, err := g.lister.listPRs()
+// run generating and prints the notes.
+func (g *notesGenerator) run(previousReleaseRef ref) error {
+	if previousReleaseRef.value != "" {
+		previousReleasePRs, err := g.lister.listPRs(previousReleaseRef)
+		if err != nil {
+			return err
+		}
+		previousEntries := g.processor.process(previousReleasePRs)
+
+		dependencies, err := g.dependenciesProcessor.generateDependencies(previousReleaseRef)
+		if err != nil {
+			return err
+		}
+
+		g.printer.print(previousEntries, len(previousReleasePRs), dependencies, previousReleaseRef)
+	}
+
+	prs, err := g.lister.listPRs(ref{})
 	if err != nil {
 		return err
 	}
-
 	entries := g.processor.process(prs)
 
-	dependencies, err := g.dependenciesProcessor.generateDependencies()
+	dependencies, err := g.dependenciesProcessor.generateDependencies(ref{})
 	if err != nil {
 		return err
 	}
 
 	// Pass in length of PRs to printer as some PRs are excluded from the entries list
-	g.printer.print(entries, len(prs), dependencies)
+	g.printer.print(entries, len(prs), dependencies, ref{})
 
 	return nil
 }
diff --git a/hack/tools/release/notes/list.go b/hack/tools/release/notes/list.go
index fae9c823e5da..4cb5bcf1cbf2 100644
--- a/hack/tools/release/notes/list.go
+++ b/hack/tools/release/notes/list.go
@@ -54,9 +54,18 @@ func newGithubFromToPRLister(repo string, fromRef, toRef ref, branch string) *gi
 // between fromRef and toRef, discarding any PR not seeing in the commits list.
 // This ensures we don't include any PR merged in the same date range that
 // doesn't belong to our git timeline.
-func (l *githubFromToPRLister) listPRs() ([]pr, error) {
-	log.Printf("Computing diff between %s and %s", l.fromRef, l.toRef)
-	diff, err := l.client.getDiffAllCommits(l.fromRef.value, l.toRef.value)
+func (l *githubFromToPRLister) listPRs(previousReleaseRef ref) ([]pr, error) {
+	var (
+		diff *githubDiff
+		err  error
+	)
+	if previousReleaseRef.value != "" {
+		log.Printf("Computing diff between %s and %s", previousReleaseRef.value, l.toRef)
+		diff, err = l.client.getDiffAllCommits(previousReleaseRef.value, l.toRef.value)
+	} else {
+		log.Printf("Computing diff between %s and %s", l.fromRef, l.toRef)
+		diff, err = l.client.getDiffAllCommits(l.fromRef.value, l.toRef.value)
+	}
 	if err != nil {
 		return nil, err
 	}
diff --git a/hack/tools/release/notes/main.go b/hack/tools/release/notes/main.go
index 711336cbc1b5..eb3aecaf6c08 100644
--- a/hack/tools/release/notes/main.go
+++ b/hack/tools/release/notes/main.go
@@ -51,6 +51,7 @@ type notesCmdConfig struct {
 	toRef                       string
 	newTag                      string
 	branch                      string
+	previousReleaseVersion      string
 	prefixAreaLabel             bool
 	preReleaseVersion           bool
 	deprecation                 bool
@@ -65,6 +66,7 @@ func readCmdConfig() *notesCmdConfig {
 	flag.StringVar(&config.toRef, "to", "", "The ref (tag, branch or commit to stop at. It must be formatted as heads/<branch name> for branches and tags/<tag name> for tags. If not set, it will default to branch.")
 	flag.StringVar(&config.branch, "branch", "", "The branch to generate the notes from. If not set, it will be calculated from release.")
 	flag.StringVar(&config.newTag, "release", "", "The tag for the new release.")
+	flag.StringVar(&config.previousReleaseVersion, "previous-release-version", "", "The tag for the previous beta release.")
 
 	flag.BoolVar(&config.prefixAreaLabel, "prefix-area-label", true, "If enabled, will prefix the area label.")
 	flag.BoolVar(&config.preReleaseVersion, "pre-release-version", false, "If enabled, will add a pre-release warning header. (default false)")
@@ -102,6 +104,11 @@ func (cmd *notesCmd) run() error {
 
 	from, to := parseRef(cmd.config.fromRef), parseRef(cmd.config.toRef)
 
+	var previousReleaseRef ref
+	if cmd.config.previousReleaseVersion != "" {
+		previousReleaseRef = parseRef(cmd.config.previousReleaseVersion)
+	}
+
 	printer := newReleaseNotesPrinter(cmd.config.repo, from.value)
 	printer.isPreRelease = cmd.config.preReleaseVersion
 	printer.printDeprecation = cmd.config.deprecation
@@ -114,7 +121,7 @@ func (cmd *notesCmd) run() error {
 		newDependenciesProcessor(cmd.config.repo, from.value, to.value),
 	)
 
-	return generator.run()
+	return generator.run(previousReleaseRef)
 }
 
 func ensureInstalledDependencies() error {
@@ -151,6 +158,12 @@ func validateConfig(config *notesCmdConfig) error {
 		}
 	}
 
+	if config.preReleaseVersion {
+		if config.previousReleaseVersion == "" {
+			return errors.New("--previous-release-version need to be set with --pre-release-version as true")
+		}
+	}
+
 	return nil
 }
 
diff --git a/hack/tools/release/notes/print.go b/hack/tools/release/notes/print.go
index 2c0a4affbe83..d73397cbd72a 100644
--- a/hack/tools/release/notes/print.go
+++ b/hack/tools/release/notes/print.go
@@ -37,6 +37,8 @@ var defaultOutputOrder = []string{
 	release.Unknown,
 }
 
+var isExpanderAdded = false
+
 // releaseNotesPrinter outputs the PR entries following
 // the right format for the release notes.
 type releaseNotesPrinter struct {
@@ -57,7 +59,7 @@ func newReleaseNotesPrinter(repo, fromTag string) *releaseNotesPrinter {
 }
 
 // print outputs to stdout the release notes.
-func (p *releaseNotesPrinter) print(entries []notesEntry, commitsInRelease int, dependencies string) {
+func (p *releaseNotesPrinter) print(entries []notesEntry, commitsInRelease int, dependencies string, previousReleaseRef ref) {
 	merges := map[string][]string{
 		release.Features:      {},
 		release.Bugs:          {},
@@ -76,10 +78,14 @@ func (p *releaseNotesPrinter) print(entries []notesEntry, commitsInRelease int,
 	}
 
 	if p.isPreRelease {
-		fmt.Printf("🚨 This is a RELEASE CANDIDATE. Use it only for testing purposes. If you find any bugs, file an [issue](https://github.com/%s/issues/new).\n", p.repo)
+		fmt.Printf("🚨 This is a RELEASE CANDIDATE/BETA RELEASE. Use it only for testing purposes. If you find any bugs, file an [issue](https://github.com/%s/issues/new).\n", p.repo)
 	}
 
-	if p.printKubernetesSupport {
+	if p.printKubernetesSupport && previousReleaseRef.value == "" {
+		// This will add the release notes expansion functionality for pre-release version
+		fmt.Print("<details>\n<summary>More details about the release</summary>\n")
+		isExpanderAdded = true
+
 		fmt.Print(`## 👌 Kubernetes version support
 
 - Management Cluster: v1.**X**.x -> v1.**X**.x
@@ -106,7 +112,11 @@ REPLACE ME: A couple sentences describing the deprecation, including links to do
 `)
 	}
 
-	fmt.Printf("## Changes since %s\n", p.fromTag)
+	if previousReleaseRef.value != "" {
+		fmt.Printf("## Changes since %s\n", previousReleaseRef.value)
+	} else {
+		fmt.Printf("## Changes since %s\n", p.fromTag)
+	}
 
 	fmt.Printf("## :chart_with_upwards_trend: Overview\n")
 	if commitsInRelease == 1 {
@@ -139,18 +149,20 @@ REPLACE ME: A couple sentences describing the deprecation, including links to do
 
 		switch key {
 		case release.Documentation:
-			sort.Strings(mergeslice)
-			if len(mergeslice) == 1 {
-				fmt.Printf(
-					":book: Additionally, there has been 1 contribution to our documentation and book. (%s) \n\n",
-					mergeslice[0],
-				)
-			} else {
-				fmt.Printf(
-					":book: Additionally, there have been %d contributions to our documentation and book. (%s) \n\n",
-					len(mergeslice),
-					strings.Join(mergeslice, ", "),
-				)
+			if previousReleaseRef.value == "" {
+				sort.Strings(mergeslice)
+				if len(mergeslice) == 1 {
+					fmt.Printf(
+						":book: Additionally, there has been 1 contribution to our documentation and book. (%s) \n\n",
+						mergeslice[0],
+					)
+				} else {
+					fmt.Printf(
+						":book: Additionally, there have been %d contributions to our documentation and book. (%s) \n\n",
+						len(mergeslice),
+						strings.Join(mergeslice, ", "),
+					)
+				}
 			}
 		default:
 			fmt.Println("## " + key)
@@ -170,5 +182,10 @@ REPLACE ME: A couple sentences describing the deprecation, including links to do
 	fmt.Print(dependencies)
 
 	fmt.Println("")
-	fmt.Println("_Thanks to all our contributors!_ 😊")
+	if isExpanderAdded {
+		fmt.Print("</details>\n<br/>\n")
+	}
+	if previousReleaseRef.value == "" {
+		fmt.Println("_Thanks to all our contributors!_ 😊")
+	}
 }
diff --git a/hack/tools/release/notes/process.go b/hack/tools/release/notes/process.go
index 1bc3fed534c6..d5f7c14b1689 100644
--- a/hack/tools/release/notes/process.go
+++ b/hack/tools/release/notes/process.go
@@ -117,10 +117,18 @@ func (g prEntriesProcessor) process(prs []pr) []notesEntry {
 	return entries
 }
 
-func (d dependenciesProcessor) generateDependencies() (string, error) {
+func (d dependenciesProcessor) generateDependencies(previousRelease ref) (string, error) {
 	repoURL := fmt.Sprintf("https://github.com/%s", d.repo)
+
+	var fromTag string
+	if previousRelease.value != "" {
+		fromTag = previousRelease.value
+	} else {
+		fromTag = d.fromTag
+	}
+
 	deps, err := notes.NewDependencies().ChangesForURL(
-		repoURL, d.fromTag, d.toTag,
+		repoURL, fromTag, d.toTag,
 	)
 	if err != nil {
 		return "", err