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 24	B	Strong	Up	Up	Flat	-2.06%
Oct 23	B	Strong	Up	Up	Flat	-1.52%
Oct 22	B	Strong	Up	Up	Up	-4.13%
Oct 21	B	Weak or Absent	Up	Up	Up	-3.07%
Oct 18	A	Weak or Absent	Up	Up	Up	-5.33%
Oct 17	B	Weak or Absent	Up	Up	Up	-2.17%
Oct 16	B	Weak or Absent	Up	Up	Up	-1.74%
Oct 15	B	Weak or Absent	Up	Up	Up	-0.65%
Oct 14	B	Weak or Absent	Up	Up	Up	0.64%
Oct 11	B	Weak or Absent	Up	Up	Up	0.47%