BCP Brooke Capital Corp.

"Brooke Corporation's operations focus on banking. We recently revived the Generations Bank trade name and are actively pursuing growth in our bank agent network through our wholly owned thrift institution," said Leland Orr, Brooke Corporation's president and chief executive officer. Orr noted that Generations Bank has significantly more deposits than loans which results in more liquidity but limits bank profitability. Generations Bank reported total assets of approximately $130 million as of June 30, 2008.

Leland Orr continued, "Brooke Corporation also owns investments in Aleritas Capital Corp. (OTCBB: ARTA) (OTCBB: ARTAW) (OTCBB: ARTAU), a finance company, and Brooke Capital Corporation (AMEX: BCP), an insurance agency franchisor. We expect Brooke Corporation's 62% ownership interest in Aleritas Capital and Brooke Corporation's 66% ownership interest in Brooke Capital to each be reduced to less than 50% in 2008, which will eliminate the accounting requirement to consolidate the revenues, expenses, assets and liabilities of Aleritas Capital and Brooke Capital with Brooke Corporation."

The consolidated total equity of Brooke Corporation, including minority shareholder interests, was approximately $65 million on June 30, 2008.

Financial Results

Brooke Corporation incurred a net loss of $10.1 million in the second quarter of 2008 from recording its 66% share of losses incurred by Brooke Capital as a result of establishing reserves for shrinking the number of Brooke locations. This compares with a second quarter 2007 consolidated profit of $2.7 million. The company reported second quarter 2008 consolidated revenues of approximately $31.8 million as compared to second quarter 2007 consolidated revenues of $55.2 million.

Banking Operations

Brooke Corporation's operations are focused on the sale of banking services through Generations Bank and its parent company, Brooke Bancshares, Inc. Net losses of Generations Bank were $117,000 in the second quarter 2008, as compared to net income of $10,000 in the second quarter 2007. Although Brooke Corporation believes the future development of Generations Bank's banker agent network will increasingly contribute to its profits, these activities are not expected to significantly impact overall financial results for Brooke Corporation in the near future.

Investment in Aleritas Capital

Brooke Corporation's share of Aleritas Capital's second quarter 2008 net profit was approximately $717,000 as compared to the $3.5 million share of Aleritas Capital's profits for second quarter 2007. Aleritas Capital was profitable in the second quarter despite the origination of few, if any, new loans because of current credit market conditions.

Investment in Brooke Capital

Brooke Corporation's share of Brooke Capital's second quarter 2008 net loss was approximately $9.9 million as compared to the $1.1 million share of Brooke Capital profits for second quarter 2007. Difficult credit markets have had a significant adverse affect on the sale of new franchises by Brooke Capital. Without revenues from the sale of new franchises, Brooke Capital has been forced to reduce expenses significantly and established reserves for personnel layoffs, facility closings and write offs of producer development investments.

Additional information is provided in the quarterly report on Form 10-Q filed with the Securities and Exchange Commission by Brooke Corporation.

Earnings Conference Call

Brooke Corporation will host a conference call for analysts and investors on Tuesday, August 19th at 11:00 a.m. Central Time. To join the call, please dial (800) 688-0836 in the United States and Canada, or (617) 614-4072 if calling internationally. The conference ID number is 93472605. A live broadcast of the call will be available on the Investor Relations section of Brooke's Web site at http://www.brookebanker.com/.

A replay of this call will be available for eight days by using the dial-in (888)286-8010 in the United States and Canada and (617) 801-6888 if calling internationally. The replay conference ID number is 90698416.

About Brooke Corporation

Brooke Corporation is listed on the Nasdaq Global Market under the symbol "BXXX." Brooke Corporation owns 100 percent of Generations Bank, a banker agent thrift institution, 66 percent of Brooke Capital Corporation (AMEX: BCP), an insurance agency, and 62 percent of Aleritas Capital Corp. (OTCBB: ARTA) (OTCBB: ARTAW) (OTCBB: ARTAU), a finance company specializing in insurance lending.

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 be able to sell its investments in Aleritas or Brooke Capital or finance such investments on terms it finds acceptable; the share price of Aleritas and Brooke Capital common stock; whether Brooke Savings Bank will succeed in expanding its banker agent network and if it does, whether it will achieve anticipated results from the network; the impact of competitive products and pricing; dependence on third-party suppliers and their pricing; the availability of funding sources; changes in the law and in economic, political and regulatory environments; changes in management; 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 www.sec.gov.

Investor Relations Contact: Linda Rothemund Market Street Partners Email Contact (415) 445-3236

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