Ascent Resources PLC has confirmed that the Tribunal has rejected the Republic of Slovenia's challenge regarding the adequacy of the company's adverse claim costs coverage. The company is pursuing a €656.5 million Energy Charter Treaty damages claim against the State and has successfully contracted after the event ("ATE") insurance for this claim. The State had filed an application for security for costs, claiming the existing ATE insurance coverage was insufficient. However, the Tribunal has rejected the State's application, and there will be no changes to the existing ATE insurance and no further security required from the Company at this stage. The claim is expected to continue to advance without delay, including the upcoming receipt of the State's response to Ascent's memorial, both of which are private and confidential in accordance with the rules of the arbitration process.