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
Jan 23	B	Weak or Absent	Up	Up	Up	9.34%
Jan 20	B	Weak or Absent	Up	Up	Flat	9.72%
Jan 19	A	Weak or Absent	Up	Up	Flat	9.72%
Jan 18	B	Weak or Absent	Up	Up	Up	8.51%
Jan 17	B	Weak or Absent	Flat	Flat	Flat	10.55%
Jan 13	B	Weak or Absent	Flat	Up	Flat	10.43%
Jan 12	C	Weak or Absent	Flat	Flat	Down	11.09%
Jan 11	A	Weak or Absent	Up	Up	Up	8.74%
Jan 10	C	Weak or Absent	Down	Flat	Down	11.39%
Jan 9	C	Weak or Absent	Down	Up	Down	11.39%