Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	D	Weak or Absent	Up	Flat	Up	3.50%
May 2	C	Weak or Absent	Up	Down	Up	3.73%
May 1	D	Weak or Absent	Flat	Down	Flat	5.73%
Apr 30	D	Weak or Absent	Flat	Down	Flat	5.55%
Apr 29	D	Weak or Absent	Up	Down	Flat	5.07%
Apr 26	D	Weak or Absent	Up	Down	Flat	5.37%
Apr 25	D	Weak or Absent	Flat	Down	Down	5.60%
Apr 24	D	Weak or Absent	Up	Down	Flat	4.84%
Apr 23	C	Weak or Absent	Up	Down	Up	3.96%
Apr 22	C	Weak or Absent	Up	Down	Flat	4.72%