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
Jul 28	C	Weak or Absent	Up	Up	Up	10.05%
Jul 27	C	Weak or Absent	Up	Up	Up	10.55%
Jul 26	D	Weak or Absent	Up	Flat	Up	12.15%
Jul 25	D	Weak or Absent	Up	Down	Flat	13.47%
Jul 24	D	Weak or Absent	Up	Down	Flat	13.47%
Jul 21	D	Weak or Absent	Up	Down	Down	14.59%
Jul 20	D	Weak or Absent	Up	Down	Down	14.59%
Jul 19	C	Weak or Absent	Up	Flat	Down	12.59%
Jul 18	D	Weak or Absent	Up	Down	Down	14.70%
Jul 17	D	Weak or Absent	Down	Down	Down	16.62%