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
Aug 25	C	Weak or Absent	Up	Down	Down	12.48%
Aug 24	B	Weak or Absent	Up	Down	Down	12.21%
Aug 23	B	Weak or Absent	Up	Flat	Flat	11.44%
Aug 22	A	Weak or Absent	Up	Flat	Down	11.46%
Aug 21	B	Weak or Absent	Up	Flat	Down	11.46%
Aug 18	A	Weak or Absent	Up	Flat	Flat	11.33%
Aug 17	B	Weak or Absent	Up	Flat	Flat	11.44%
Aug 16	C	Weak or Absent	Up	Flat	Flat	11.33%
Aug 15	C	Weak or Absent	Up	Flat	Flat	11.33%
Aug 14	B	Weak or Absent	Up	Flat	Up	10.58%