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 13	D	Weak or Absent	Up	Flat	Up	9.62%
May 10	D	Weak or Absent	Up	Down	Flat	10.79%
May 9	D	Weak or Absent	Up	Down	Flat	10.86%
May 8	D	Weak or Absent	Up	Down	Flat	10.98%
May 7	D	Weak or Absent	Up	Down	Flat	10.98%
May 6	D	Weak or Absent	Up	Flat	Up	9.32%
May 3	D	Weak or Absent	Up	Flat	Up	9.69%
May 2	C	Weak or Absent	Up	Down	Up	9.93%
May 1	D	Weak or Absent	Flat	Down	Flat	12.05%
Apr 30	D	Weak or Absent	Flat	Down	Flat	11.86%