diff --git a/pep-0502.txt b/pep-0502.txt
index c30a5fe9f..5e6855d3f 100644
--- a/pep-0502.txt
+++ b/pep-0502.txt
@@ -3,7 +3,7 @@ Title: String Interpolation - Extended Discussion
 Version: $Revision$
 Last-Modified: $Date$
 Author: Mike G. Miller
-Status: Draft
+Status: Rejected
 Type: Informational
 Content-Type: text/x-rst
 Created: 10-Aug-2015
@@ -42,6 +42,14 @@ calls to ``str.format()``.
 .. _the existing syntax: https://docs.python.org/3/library/string.html#format-string-syntax
 
 
+PEP Status
+==========
+
+This PEP was rejected based on its using an opinion-based tone rather than a factual one.
+This PEP was also deemed not critical as PEP 498 was already written and should be the place
+to house design decision details.
+
+
 Motivation
 ==========