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
Feb 8	A	Weak or Absent	Up	Up	Up	12.23%
Feb 7	B	Weak or Absent	Up	Up	Flat	12.84%
Feb 6	C	Strong	Up	Up	Flat	13.38%
Feb 3	B	Strong	Up	Up	Up	9.40%
Feb 2	B	Strong	Up	Up	Up	9.13%
Feb 1	B	Weak or Absent	Up	Up	Up	13.80%
Jan 31	B	Weak or Absent	Up	Up	Up	13.50%
Jan 30	C	Weak or Absent	Up	Up	Flat	15.01%
Jan 27	B	Strong	Up	Up	Flat	14.83%
Jan 26	B	Weak or Absent	Up	Up	Flat	14.74%