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
May 28	D	Weak or Absent	Up	Down	Flat	16.60%
May 24	D	Weak or Absent	Up	Down	Flat	16.26%
May 23	D	Weak or Absent	Up	Down	Down	16.93%
May 22	D	Weak or Absent	Up	Down	Flat	16.79%
May 21	D	Weak or Absent	Up	Down	Down	16.93%
May 20	D	Weak or Absent	Up	Down	Flat	16.33%
May 17	D	Weak or Absent	Up	Down	Flat	16.46%
May 16	D	Weak or Absent	Up	Down	Flat	16.04%
May 15	C	Weak or Absent	Up	Flat	Up	15.01%
May 14	D	Weak or Absent	Up	Down	Flat	15.99%