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
Mar 7	B	Weak or Absent	Up	Up	Up	13.72%
Mar 6	C	Weak or Absent	Up	Up	Up	13.72%
Mar 3	C	Weak or Absent	Up	Up	Up	13.60%
Mar 2	B	Weak or Absent	Up	Up	Up	12.88%
Mar 1	B	Weak or Absent	Up	Up	Up	12.82%
Feb 28	B	Weak or Absent	Up	Up	Up	12.52%
Feb 27	D	Weak or Absent	Flat	Down	Flat	16.82%
Feb 24	D	Weak or Absent	Flat	Down	Down	17.23%
Feb 23	D	Weak or Absent	Up	Down	Flat	16.18%
Feb 22	F	Weak or Absent	Down	Down	Down	17.65%