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
Sep 11	A	Weak or Absent	Up	Up	Up	9.03%
Sep 8	A	Weak or Absent	Up	Up	Up	9.59%
Sep 7	B	Weak or Absent	Up	Down	Down	11.96%
Sep 6	B	Weak or Absent	Up	Flat	Down	11.39%
Sep 5	A	Weak or Absent	Up	Up	Up	7.16%
Sep 1	A	Weak or Absent	Up	Up	Up	7.25%
Aug 31	B	Weak or Absent	Up	Up	Up	10.14%
Aug 30	B	Weak or Absent	Up	Flat	Up	10.95%
Aug 29	C	Weak or Absent	Up	Flat	Flat	11.61%
Aug 28	C	Weak or Absent	Up	Flat	Flat	11.58%