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
Sep 26	A	Weak or Absent	Up	Flat	Down	22.75%
Sep 25	B	Weak or Absent	Up	Flat	Down	22.73%
Sep 21	A	Weak or Absent	Up	Up	Down	21.58%
Sep 20	A	Weak or Absent	Up	Up	Flat	20.86%
Sep 18	A	Weak or Absent	Up	Up	Down	21.58%
Sep 15	A	Weak or Absent	Up	Up	Flat	20.22%
Sep 14	A	Weak or Absent	Up	Up	Flat	20.22%
Sep 13	B	Weak or Absent	Up	Up	Down	21.58%
Sep 12	A	Weak or Absent	Up	Up	Up	19.95%
Sep 11	A	Weak or Absent	Up	Up	Up	19.95%