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
Dec 21	B	Weak or Absent	Down	Up	Flat	11.21%
Dec 20	B	Weak or Absent	Down	Up	Flat	11.45%
Dec 19	B	Weak or Absent	Down	Up	Down	12.86%
Dec 16	B	Weak or Absent	Down	Up	Flat	10.93%
Dec 15	C	Weak or Absent	Down	Up	Down	12.00%
Dec 14	C	Strong	Down	Up	Down	12.74%
Dec 13	C	Strong	Down	Up	Down	11.09%
Dec 12	C	Strong	Down	Up	Down	12.37%
Dec 9	C	Strong	Down	Up	Down	10.73%
Dec 8	B	Strong	Flat	Up	Flat	9.70%