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Brooke Corporation Announces Management Changes

(Friday, May 18, 2007) - Brooke Corporation
(NASDAQ: BXXX) today announced that Shawn T. Lowry has resigned as director,
president and chief executive officer of its wholly owned subsidiary, Brooke
Franchise Corporation, effective May 25, 2007, to pursue other investment and
professional opportunities. Lowry also resigned as director, vice president
and treasurer of Brooke Corporation, effective today. The board of directors
of Brooke Corporation elected Kyle L. Garst, senior vice president of Brooke
Franchise Corporation, to succeed Shawn Lowry on the board and Anita K. Lowry
to succeed Shawn Lowry as vice president and treasurer of Brooke Corporation.

Chad S. Maxwell will succeed Shawn Lowry as a director of Brooke Franchise
Corporation. Maxwell joins Dane S. Devlin, Kyle L. Garst, Bryan C. Whipple
and Leland G. Orr on Brooke Franchise Corporation's board of directors.
Robert D. Orr, chairman of the board and chief executive officer of Brooke
Corporation, will serve as interim chief executive officer of Brooke
Franchise Corporation until its board of directors elects a new chief
executive officer.

Shawn Lowry has also withdrawn from the controlling shareholder group of
Brooke Corporation, effective today. Brooke Holdings, Inc., Robert D. Orr,
Leland G. Orr, Michael S. Lowry, Anita F. Larson and Kyle L. Garst have
orally agreed to continue to vote their shares of Brooke Corporation common
stock together and, as a group, beneficially owned approximately 51 percent
of the outstanding shares of Brooke Corporation common stock as of
yesterday's close of the markets.

Kyle Garst, 37, has responsibility for managing Brooke Franchise
Corporation's franchise sales activities. Garst joined Brooke as a sales
representative in 1994 and was a sales representative and profit center
leader for Koch Industries in Phoenix, Arizona, for several years before
returning to Brooke in 1999. He served in various management positions,
including vice president, regional sales manager for Texas, Oklahoma and
Louisiana, investment sales manager, and investor relations manager before
becoming senior vice president in September 2004. Anita Lowry, 51, has served
as cash management manager for Brooke Corporation since January 2005. She has
held cash management positions since joining Brooke in 2001 and, along with
her husband, is a shareholder of American Heritage Agency Inc., a Brooke
franchisee in Hays, Kan. Chad Maxwell, 32, is national sales manager for
Brooke Franchise Corporation, with responsibility for acquisitions and
franchising of retail insurance agencies. He joined the Brooke organization
in 1995 and served as customer service agent, service center manager, Kansas
state manager, and regional sales manager prior to his current position.

About our company ... Brooke Corporation is listed on the Nasdaq Global
Market under the symbol "BXXX". Its wholly owned subsidiary, Brooke Franchise
Corporation, distributes insurance and banking services through a network of
more than 800 franchise locations. Brooke Franchise was named the 22nd
largest U.S. insurance agency by Business Insurance magazine (2006) and the
country's No. 37 top franchise by Entrepreneur magazine (2007). For more
information, visit http://www.brookeagent.com/.

E-mail Distribution ... To receive electronic press alerts, visit the Brooke
Corporation Media Room at http://brookecorp.mediaroom.com/ and subscribe to
our e-mail alerts online through the Get the News link.

This press release contains forward-looking statements. All forward-looking
statements involve risks and uncertainties, and several factors could cause
actual results to differ materially from those in the forward-looking
statements. The following factors, among others, could cause actual results
to differ from those indicated in the forward-looking statements: the
uncertainty that the Company will achieve its short-term and long-term
profitability and growth goals, uncertainties associated with market
acceptance of and demand for the Company's products and services, the impact
of competitive products and pricing, the dependence on third-party suppliers
and their pricing, its ability to meet product demand, the availability of
funding sources, the exposure to market risks, uncertainties associated with
the development of technology, changes in the law and in economic, political
and regulatory environments, changes in management, the dependence on
intellectual property rights, the effectiveness of internal controls, and
risks and factors described from time to time in reports and registration
statements filed by Brooke Corporation with the Securities and Exchange
Commission. A more complete description of Brooke's business is provided in
Brooke Corporation's most recent annual, quarterly and current reports, which
are available from Brooke Corporation without charge or at
http://www.sec.gov/.

SOURCE: Brooke Corporation

CONTACT: Anita Larson of Brooke Corporation, +1-913-661-0123,
[email protected]

Web site: http://www.brookecorp.com/

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