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
May 17	D	Weak or Absent	Up	Down	Flat	4.31%
May 16	D	Weak or Absent	Up	Down	Flat	3.93%
May 15	C	Weak or Absent	Up	Flat	Up	3.00%
May 14	D	Weak or Absent	Up	Down	Flat	3.89%
May 13	D	Weak or Absent	Up	Flat	Up	3.44%
May 10	D	Weak or Absent	Up	Down	Flat	4.54%
May 9	D	Weak or Absent	Up	Down	Flat	4.60%
May 8	D	Weak or Absent	Up	Down	Flat	4.72%
May 7	D	Weak or Absent	Up	Down	Flat	4.72%
May 6	D	Weak or Absent	Up	Flat	Up	3.15%