Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	A	Strong	Up	Up	Up	0.00%
Oct 31	A	Strong	Up	Up	Up	0.00%
Oct 30	A	Strong	Up	Up	Up	-1.61%
Oct 29	A	Strong	Up	Up	Up	0.79%
Oct 28	A	Strong	Up	Up	Up	0.79%
Oct 25	A	Strong	Up	Up	Up	4.02%
Oct 24	B	Strong	Up	Up	Flat	4.87%
Oct 23	B	Strong	Up	Up	Flat	5.45%
Oct 22	B	Strong	Up	Up	Up	2.66%
Oct 21	B	Weak or Absent	Up	Up	Up	3.79%