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
Sep 27	C	Weak or Absent	Up	Up	Down	0.78%
Sep 26	C	Weak or Absent	Up	Up	Down	0.58%
Sep 25	C	Weak or Absent	Up	Up	Down	0.66%
Sep 24	C	Weak or Absent	Up	Up	Flat	0.15%
Sep 23	C	Weak or Absent	Up	Up	Flat	-0.42%
Sep 20	C	Weak or Absent	Up	Up	Up	-0.71%
Sep 19	C	Strong	Up	Up	Up	-1.14%
Sep 18	C	Strong	Up	Up	Up	-0.42%
Sep 17	C	Weak or Absent	Up	Up	Up	-0.25%
Sep 16	C	Weak or Absent	Up	Up	Up	-0.19%