Course disputée sur le circuit de Estoril
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Repsol Honda Team | 16:36:02 | 28 | 25 | 3 |
| 2 | 7 | Carlos Checa | Marlboro Yamaha Team | 22:46:02 | 28 | 20 | 1 |
| 3 | 11 | Tohru Ukawa | Repsol Honda Team | 23:19:42 | 28 | 16 | 8 |
| 4 | 10 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 03:56:34 | 28 | 13 | 12 |
| 5 | 4 | Alex Barros | West Honda Pons | 04:27:51 | 28 | 11 | 4 |
| 6 | 3 | Max Biaggi | Marlboro Yamaha Team | 04:50:26 | 28 | 10 | 5 |
| 7 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 22:52:54 | 28 | 9 | 13 |
| 8 | 21 | John Hopkins | Red Bull Yamaha WCM | 02:47:43 | 28 | 8 | 15 |
| 9 | 99 | Jeremy McWilliams | Proton Team KR | 22:23:50 | 27 | 7 | 6 |
| 10 | 31 | Tetsuya Harada | Pramac Honda Racing Team | 06:08:11 | 27 | 6 | 18 |
| 11 | 8 | Garry McCoy | Red Bull Yamaha WCM | 09:51:57 | 27 | 5 | 16 |
| 12 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 11:38:38 | 27 | 4 | 17 |
| 13 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 06:29:58 | 24 | 0 | 9 |
| 14 | 74 | Daijiro Kato | Fortuna Honda Gresini | 07:26:39 | 7 | 0 | 2 |
| 15 | 65 | Loris Capirossi | West Honda Pons | 14:36:42 | 6 | 0 | 7 |
| 16 | 55 | Regis Laconi | MS Aprilia Racing | 09:10:48 | 3 | 0 | 14 |
| 17 | 17 | Jurgen vd Goorbergh | Kanemoto Racing | 07:40:55 | 2 | 0 | 10 |
| 18 | 9 | Nobuatsu Aoki | Proton Team KR | 22:32:52 | 2 | 0 | 11 |
| 19 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 01:00:00 | 0 | 0 | 19 |
| 20 | 20 | Pere Riba | Antena 3 Yamaha d\'Antin | 01:00:00 | 0 | 0 | 20 |