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 7	B	Strong	Flat	Up	Up	9.50%
Dec 6	C	Strong	Down	Up	Down	11.33%
Dec 5	C	Strong	Down	Up	Down	11.33%
Dec 2	B	Strong	Flat	Up	Up	8.62%
Dec 1	B	Strong	Flat	Up	Up	8.62%
Nov 30	B	Strong	Up	Up	Up	7.31%
Nov 29	C	Strong	Down	Up	Down	12.80%
Nov 28	B	Strong	Down	Up	Flat	10.79%
Nov 25	C	Strong	Down	Up	Up	9.90%