Course disputée sur le circuit de Estoril
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 46 | Valentino Rossi | Gauloises Fortuna Yamaha | 46'34.911 | 28 | 25 | 2 |
| 2 | 6 | Makoto Tamada | Camel Honda | 46'40.022 | 28 | 20 | 1 |
| 3 | 4 | Alex Barros | Repsol Honda Team | 46'43.068 | 28 | 16 | 5 |
| 4 | 15 | Sete Gibernau | Telefonica Movistar Honda | 46'43.223 | 28 | 13 | 3 |
| 5 | 7 | Carlos Checa | Gauloises Fortuna Yamaha | 46'52.877 | 28 | 11 | 10 |
| 6 | 21 | John Hopkins | Team Suzuki MotoGP | 46'53.542 | 28 | 10 | 6 |
| 7 | 65 | Loris Capirossi | Ducati Marlboro Team | 46'58.581 | 28 | 9 | 11 |
| 8 | 12 | Troy Bayliss | Ducati Marlboro Team | 47'00.037 | 28 | 8 | 13 |
| 9 | 45 | Colin Edwards | Telefonica Movistar Honda | 47'00.522 | 28 | 7 | 8 |
| 10 | 17 | Norifumi Abe | Fortuna Gauloises Tech 3 | 47'01.638 | 28 | 6 | 14 |
| 11 | 56 | Shinya Nakano | Kawasaki Racing Team | 47'19.615 | 28 | 5 | 12 |
| 12 | 99 | Jeremy McWilliams | MS Aprilia Racing | 47'25.422 | 28 | 4 | 16 |
| 13 | 66 | Alexander Hofmann | Kawasaki Racing Team | 47'29.283 | 28 | 3 | 17 |
| 14 | 10 | Kenny Jr Roberts | Team Suzuki MotoGP | 47'34.429 | 28 | 2 | 9 |
| 15 | 9 | Nobuatsu Aoki | Project U FRS | 48'07.764 | 28 | 1 | 20 |
| 16 | 77 | James Ellison | WCM | 46'49.825 | 27 | 0 | 21 |
| 17 | 11 | Ruben Xaus | D\'antin MotoGP | 30'25.515 | 18 | 0 | 18 |
| 18 | 50 | Neil Hodgson | D\'antin MotoGP | 27'04.290 | 16 | 0 | 15 |
| 19 | 84 | Michel Fabrizio | WCM | 18'56.766 | 11 | 0 | 19 |
| 20 | 33 | Marco Melandri | Fortuna Gauloises Tech 3 | 11'44.108 | 7 | 0 | 7 |
| 21 | 3 | Max Biaggi | Camel Honda | 0 | 0 | 4 |