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
Dec 22	D	Strong	Up	Up	Down	1.67%
Dec 21	D	Strong	Up	Up	Down	0.29%
Dec 20	C	Strong	Up	Up	Down	0.66%
Dec 19	D	Strong	Up	Up	Down	1.78%
Dec 18	C	Strong	Up	Up	Down	2.00%
Dec 15	C	Strong	Up	Up	Down	1.14%
Dec 14	C	Strong	Up	Up	Up	-2.48%
Dec 13	A	Strong	Up	Up	Up	-3.71%
Dec 12	C	Strong	Up	Up	Flat	0.02%
Dec 11	A	Strong	Up	Up	Up	-1.47%