diff --git a/pep-0707.rst b/pep-0707.rst
index 8e28fc135..eb1ad75b0 100644
--- a/pep-0707.rst
+++ b/pep-0707.rst
@@ -2,14 +2,23 @@ PEP: 707
 Title: A simplified signature for __exit__ and __aexit__
 Author: Irit Katriel <iritkatriel@gmail.com>
 Discussions-To: https://discuss.python.org/t/24402
-Status: Draft
+Status: Rejected
 Type: Standards Track
 Content-Type: text/x-rst
 Created: 18-Feb-2023
 Python-Version: 3.12
 Post-History: `02-Mar-2023 <https://discuss.python.org/t/24402/>`__,
-Resolution:
+Resolution: https://discuss.python.org/t/pep-707-a-simplified-signature-for-exit-and-aexit/24402/46
 
+Rejection Notice
+================
+
+`Per the SC <https://discuss.python.org/t/24402/46>`__:
+
+    We discussed the PEP and have decided to reject it. Our thinking was the
+    magic and risk of potential breakage didn’t warrant the benefits. We are
+    totally supportive, though, of exploring a potential context manager v2
+    API or ``__leave__``.
 
 Abstract
 ========