Trend Table for ICMB - Investcorp Credit Management BDC, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	D	Strong	Down	Down	Up	11.95%
May 12	F	Strong	Down	Down	Down	14.32%
May 11	F	Strong	Down	Down	Down	15.55%
May 10	F	Strong	Down	Down	Down	16.13%
May 9	F	Strong	Down	Down	Down	15.55%
May 8	F	Strong	Down	Down	Down	15.55%
May 5	D	Strong	Down	Down	Down	12.29%
May 4	D	Weak or Absent	Down	Down	Flat	8.25%
May 3	D	Weak or Absent	Down	Down	Down	8.88%
May 2	D	Weak or Absent	Down	Down	Down	9.51%