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
Oct 25	A	Weak or Absent	Up	Up	Up	9.41%
Oct 24	A	Weak or Absent	Up	Up	Up	9.38%
Oct 23	A	Weak or Absent	Up	Up	Up	9.10%
Oct 20	A	Weak or Absent	Up	Flat	Flat	10.89%
Oct 19	B	Weak or Absent	Up	Down	Flat	11.58%
Oct 18	B	Weak or Absent	Up	Down	Down	12.23%
Oct 17	B	Weak or Absent	Up	Down	Down	11.58%
Oct 16	A	Weak or Absent	Up	Up	Up	9.89%
Oct 13	A	Weak or Absent	Up	Up	Up	9.82%
Oct 12	B	Weak or Absent	Up	Flat	Flat	11.52%