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
Jan 9	C	Strong	Up	Flat	Down	3.04%
Jan 8	C	Strong	Up	Up	Down	2.37%
Jan 5	C	Strong	Up	Up	Down	1.56%
Jan 4	C	Strong	Up	Up	Down	2.22%
Jan 3	C	Strong	Up	Up	Flat	0.66%
Jan 2	C	Strong	Up	Up	Down	1.35%
Dec 29	C	Strong	Up	Up	Flat	0.55%
Dec 28	C	Strong	Up	Up	Up	-0.50%
Dec 27	C	Strong	Up	Up	Up	-1.27%
Dec 26	C	Strong	Up	Up	Up	-0.65%