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
Aug 10	C	Weak or Absent	Up	Up	Up	20.42%
Aug 9	C	Weak or Absent	Up	Up	Up	18.69%
Aug 8	D	Weak or Absent	Up	Down	Up	23.31%
Aug 7	D	Weak or Absent	Up	Down	Flat	23.89%
Aug 4	D	Weak or Absent	Up	Down	Up	23.31%
Aug 3	D	Weak or Absent	Flat	Down	Down	26.22%
Aug 2	D	Weak or Absent	Up	Down	Down	26.00%
Aug 1	D	Weak or Absent	Flat	Down	Down	26.47%
Jul 31	D	Weak or Absent	Up	Down	Down	25.75%
Jul 28	C	Weak or Absent	Up	Up	Up	21.00%