Trend Table for MHLA - Maiden Holdings, Ltd. 6.625% Notes due 2046

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	F	Weak or Absent	Down	Down	Flat	15.11%
May 10	F	Weak or Absent	Down	Down	Down	18.47%
May 9	F	Weak or Absent	Down	Down	Down	17.08%
May 8	F	Weak or Absent	Down	Down	Down	16.39%
May 7	F	Weak or Absent	Down	Down	Down	15.48%
May 6	D	Weak or Absent	Flat	Down	Down	13.36%
May 3	D	Weak or Absent	Up	Down	Up	10.96%
May 2	D	Weak or Absent	Up	Down	Down	12.50%
May 1	D	Weak or Absent	Flat	Down	Down	13.28%
Apr 30	C	Weak or Absent	Flat	Down	Down	13.28%