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
Feb 21	F	Weak or Absent	Down	Down	Down	12.65%
Feb 17	C	Weak or Absent	Up	Down	Down	10.91%
Feb 16	C	Weak or Absent	Up	Down	Down	11.00%
Feb 15	D	Weak or Absent	Flat	Down	Down	11.94%
Feb 14	D	Weak or Absent	Flat	Down	Down	11.76%
Feb 13	C	Weak or Absent	Up	Up	Down	8.39%
Feb 10	B	Weak or Absent	Up	Up	Down	9.03%
Feb 9	B	Weak or Absent	Up	Flat	Down	9.31%
Feb 8	A	Weak or Absent	Up	Up	Up	6.84%
Feb 7	B	Weak or Absent	Up	Up	Flat	7.42%