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
Mar 21	C	Strong	Up	Up	Up	-0.75%
Mar 20	C	Strong	Up	Up	Up	-1.23%
Mar 19	B	Strong	Up	Up	Up	1.52%
Mar 18	B	Strong	Up	Up	Flat	2.58%
Mar 15	B	Weak or Absent	Up	Up	Flat	2.47%
Mar 14	D	Weak or Absent	Up	Flat	Down	3.55%
Mar 13	C	Weak or Absent	Up	Flat	Flat	2.92%
Mar 12	C	Weak or Absent	Up	Flat	Flat	2.88%
Mar 11	D	Weak or Absent	Up	Flat	Flat	3.10%
Mar 8	D	Weak or Absent	Up	Flat	Flat	3.15%