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 6	C	Strong	Up	Up	Flat	7.94%
Feb 3	B	Strong	Up	Up	Up	4.14%
Feb 2	B	Strong	Up	Up	Up	3.89%
Feb 1	B	Weak or Absent	Up	Up	Up	8.33%
Jan 31	B	Weak or Absent	Up	Up	Up	8.05%
Jan 30	C	Weak or Absent	Up	Up	Flat	9.49%
Jan 27	B	Strong	Up	Up	Flat	9.32%
Jan 26	B	Weak or Absent	Up	Up	Flat	9.23%
Jan 25	B	Weak or Absent	Up	Up	Flat	9.43%
Jan 24	B	Weak or Absent	Up	Up	Up	8.58%