Course disputée sur le circuit de Estoril
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Gauloises Fortuna Yamaha | 09:21:51 | 28 | 25 | 2 |
| 2 | 6 | Makoto Tamada | Camel Honda | 10:47:02 | 28 | 20 | 1 |
| 3 | 4 | Alex Barros | Repsol Honda Team | 11:37:48 | 28 | 16 | 5 |
| 4 | 15 | Sete Gibernau | Telefonica Movistar Honda | 11:40:23 | 28 | 13 | 3 |
| 5 | 7 | Carlos Checa | Gauloises Fortuna Yamaha | 14:21:17 | 28 | 11 | 10 |
| 6 | 21 | John Hopkins | Team Suzuki MotoGP | 14:32:22 | 28 | 10 | 6 |
| 7 | 65 | Loris Capirossi | Ducati Marlboro Team | 15:56:21 | 28 | 9 | 11 |
| 8 | 12 | Troy Bayliss | Ducati Marlboro Team | 16:20:37 | 28 | 8 | 13 |
| 9 | 45 | Colin Edwards | Telefonica Movistar Honda | 16:28:42 | 28 | 7 | 8 |
| 10 | 17 | Norifumi Abe | Fortuna Gauloises Tech 3 | 16:47:18 | 28 | 6 | 14 |
| 11 | 56 | Shinya Nakano | Kawasaki Racing Team | 21:46:55 | 28 | 5 | 12 |
| 12 | 99 | Jeremy McWilliams | MS Aprilia Racing | 23:23:42 | 28 | 4 | 16 |
| 13 | 66 | Alexander Hofmann | Kawasaki Racing Team | 00:28:03 | 28 | 3 | 17 |
| 14 | 10 | Kenny Jr Roberts | Team Suzuki MotoGP | 01:53:49 | 28 | 2 | 9 |
| 15 | 9 | Nobuatsu Aoki | Project U FRS | 11:09:24 | 28 | 1 | 20 |
| 16 | 77 | James Ellison | WCM | 13:30:25 | 27 | 0 | 21 |
| 17 | 11 | Ruben Xaus | D\'antin MotoGP | 04:05:15 | 18 | 0 | 18 |
| 18 | 50 | Neil Hodgson | D\'antin MotoGP | 20:11:30 | 16 | 0 | 15 |
| 19 | 84 | Michel Fabrizio | WCM | 04:46:06 | 11 | 0 | 19 |
| 20 | 33 | Marco Melandri | Fortuna Gauloises Tech 3 | 04:35:08 | 7 | 0 | 7 |
| 21 | 3 | Max Biaggi | Camel Honda | 01:00:00 | 0 | 0 | 4 |