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
Jul 17	C	Weak or Absent	Up	Up	Up	1.84%
Jul 16	C	Weak or Absent	Up	Up	Up	1.84%
Jul 15	D	Weak or Absent	Up	Flat	Flat	3.53%
Jul 12	C	Weak or Absent	Up	Flat	Flat	3.53%
Jul 11	C	Weak or Absent	Up	Flat	Flat	3.59%
Jul 10	C	Weak or Absent	Up	Flat	Flat	3.59%
Jul 9	B	Weak or Absent	Up	Flat	Flat	3.53%
Jul 8	D	Weak or Absent	Flat	Down	Down	4.61%
Jul 5	B	Weak or Absent	Up	Flat	Flat	3.47%
Jul 3	C	Weak or Absent	Up	Flat	Flat	3.83%