Trend Table for MHLA - Maiden Holdings, Ltd. 6.625% Notes due 2046

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	D	Weak or Absent	Up	Up	Down	8.96%
Dec 22	D	Weak or Absent	Up	Up	Flat	7.93%
Dec 21	C	Weak or Absent	Up	Up	Up	6.30%
Dec 20	C	Weak or Absent	Up	Up	Down	9.67%
Dec 19	D	Strong	Up	Up	Down	12.01%
Dec 18	C	Strong	Up	Up	Down	10.20%
Dec 15	C	Strong	Up	Up	Down	10.20%
Dec 14	B	Strong	Up	Up	Up	4.54%
Dec 13	B	Strong	Up	Up	Up	3.42%
Dec 12	B	Strong	Up	Up	Up	6.61%