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
Dec 8	A	Strong	Up	Up	Up	-1.32%
Dec 7	A	Strong	Up	Up	Up	-1.57%
Dec 6	A	Strong	Up	Up	Up	-0.81%
Dec 5	A	Strong	Up	Up	Up	-0.81%
Dec 4	B	Strong	Up	Up	Up	-0.13%
Nov 30	A	Strong	Up	Up	Up	-0.65%
Nov 29	C	Strong	Up	Up	Down	7.57%
Nov 28	C	Strong	Up	Up	Down	7.69%
Nov 27	B	Strong	Up	Up	Flat	6.34%
Nov 24	B	Strong	Up	Up	Up	5.37%