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 13	C	Weak or Absent	Up	Up	Up	-0.42%
Sep 12	B	Weak or Absent	Up	Up	Up	-0.25%
Sep 11	B	Weak or Absent	Up	Up	Up	0.43%
Sep 10	B	Weak or Absent	Up	Up	Flat	1.83%
Sep 9	B	Weak or Absent	Up	Up	Flat	1.71%
Sep 6	B	Weak or Absent	Up	Up	Flat	1.83%
Sep 5	C	Weak or Absent	Up	Up	Flat	1.83%
Sep 4	C	Weak or Absent	Up	Up	Flat	1.83%
Aug 30	C	Weak or Absent	Up	Up	Flat	1.53%
Aug 29	C	Weak or Absent	Up	Up	Flat	1.89%