diff --git a/build/Common.props b/build/Common.props
index 7179ee4e35a..a3c3e048d32 100644
--- a/build/Common.props
+++ b/build/Common.props
@@ -49,6 +49,7 @@
     <StyleCopAnalyzersPkgVer>[1.2.0-beta.435,2.0)</StyleCopAnalyzersPkgVer>
     <SystemCollectionsImmutablePkgVer>1.4.0</SystemCollectionsImmutablePkgVer>
     <SystemDiagnosticSourcePkgVer>7.0.0</SystemDiagnosticSourcePkgVer>
+    <SystemTextEncodingsWebPkgVer>4.7.2</SystemTextEncodingsWebPkgVer>
     <SystemTextJsonPkgVer>4.7.2</SystemTextJsonPkgVer>
     <SystemThreadingTasksExtensionsPkgVer>4.5.4</SystemThreadingTasksExtensionsPkgVer>
   </PropertyGroup>
diff --git a/src/OpenTelemetry.Exporter.Console/CHANGELOG.md b/src/OpenTelemetry.Exporter.Console/CHANGELOG.md
index 6d239cc9140..a19d0a8052a 100644
--- a/src/OpenTelemetry.Exporter.Console/CHANGELOG.md
+++ b/src/OpenTelemetry.Exporter.Console/CHANGELOG.md
@@ -2,6 +2,9 @@
 
 ## Unreleased
 
+* Added direct reference to `System.Text.Encodings.Web` with minimum version of
+`4.7.2` in response to [CVE-2021-26701](https://github.com/dotnet/runtime/issues/49377).
+
 ## 1.5.0-alpha.2
 
 Released 2023-Mar-31
diff --git a/src/OpenTelemetry.Exporter.Console/OpenTelemetry.Exporter.Console.csproj b/src/OpenTelemetry.Exporter.Console/OpenTelemetry.Exporter.Console.csproj
index f67383e6b18..792ce7152df 100644
--- a/src/OpenTelemetry.Exporter.Console/OpenTelemetry.Exporter.Console.csproj
+++ b/src/OpenTelemetry.Exporter.Console/OpenTelemetry.Exporter.Console.csproj
@@ -16,6 +16,7 @@
   </PropertyGroup>
 
   <ItemGroup>
+    <PackageReference Include="System.Text.Encodings.Web" Version="$(SystemTextEncodingsWebPkgVer)" />
     <PackageReference Include="System.Text.Json" Version="$(SystemTextJsonPkgVer)" />
   </ItemGroup>
 
diff --git a/src/OpenTelemetry.Exporter.Jaeger/CHANGELOG.md b/src/OpenTelemetry.Exporter.Jaeger/CHANGELOG.md
index ef0f3ecad89..785130c3f29 100644
--- a/src/OpenTelemetry.Exporter.Jaeger/CHANGELOG.md
+++ b/src/OpenTelemetry.Exporter.Jaeger/CHANGELOG.md
@@ -2,6 +2,9 @@
 
 ## Unreleased
 
+* Added direct reference to `System.Text.Encodings.Web` with minimum version of
+`4.7.2` in response to [CVE-2021-26701](https://github.com/dotnet/runtime/issues/49377).
+
 ## 1.5.0-alpha.2
 
 Released 2023-Mar-31
diff --git a/src/OpenTelemetry.Exporter.Jaeger/OpenTelemetry.Exporter.Jaeger.csproj b/src/OpenTelemetry.Exporter.Jaeger/OpenTelemetry.Exporter.Jaeger.csproj
index 8744f50528a..179b1b2f84f 100644
--- a/src/OpenTelemetry.Exporter.Jaeger/OpenTelemetry.Exporter.Jaeger.csproj
+++ b/src/OpenTelemetry.Exporter.Jaeger/OpenTelemetry.Exporter.Jaeger.csproj
@@ -33,6 +33,7 @@
 
   <ItemGroup>
     <PackageReference Include="System.Threading.Tasks.Extensions" Version="$(SystemThreadingTasksExtensionsPkgVer)" Condition="'$(TargetFramework)' != 'netstandard2.1'" />
+    <PackageReference Include="System.Text.Encodings.Web" Version="$(SystemTextEncodingsWebPkgVer)" Condition="'$(TargetFramework)' != 'net6.0'" />
     <PackageReference Include="System.Text.Json" Version="$(SystemTextJsonPkgVer)" Condition="'$(TargetFramework)' != 'net6.0'" />
   </ItemGroup>
 
diff --git a/src/OpenTelemetry.Exporter.Zipkin/CHANGELOG.md b/src/OpenTelemetry.Exporter.Zipkin/CHANGELOG.md
index cacfedf8b04..52363af47cd 100644
--- a/src/OpenTelemetry.Exporter.Zipkin/CHANGELOG.md
+++ b/src/OpenTelemetry.Exporter.Zipkin/CHANGELOG.md
@@ -2,6 +2,9 @@
 
 ## Unreleased
 
+* Added direct reference to `System.Text.Encodings.Web` with minimum version of
+`4.7.2` in response to [CVE-2021-26701](https://github.com/dotnet/runtime/issues/49377).
+
 ## 1.5.0-alpha.2
 
 Released 2023-Mar-31
diff --git a/src/OpenTelemetry.Exporter.Zipkin/OpenTelemetry.Exporter.Zipkin.csproj b/src/OpenTelemetry.Exporter.Zipkin/OpenTelemetry.Exporter.Zipkin.csproj
index f5d9deea5a7..b8232e7c153 100644
--- a/src/OpenTelemetry.Exporter.Zipkin/OpenTelemetry.Exporter.Zipkin.csproj
+++ b/src/OpenTelemetry.Exporter.Zipkin/OpenTelemetry.Exporter.Zipkin.csproj
@@ -28,6 +28,7 @@
 
   <ItemGroup>
     <ProjectReference Include="$(RepoRoot)\src\OpenTelemetry\OpenTelemetry.csproj" />
+    <PackageReference Include="System.Text.Encodings.Web" Version="$(SystemTextEncodingsWebPkgVer)" />
     <PackageReference Include="System.Text.Json" Version="$(SystemTextJsonPkgVer)" />
   </ItemGroup>