Course disputée sur le circuit de Ricardo Tormo
| Position | Numéro | Pilote | Team | Temps | Tours | Points | Départ |
|---|---|---|---|---|---|---|---|
| 1 | 15 | Sete Gibernau | Telefonica Movistar Suzuki | 23:56:31 | 30 | 25 | 12 |
| 2 | 4 | Alex Barros | West Honda Pons | 00:01:24 | 30 | 20 | 11 |
| 3 | 1 | Kenny Jr Roberts | Telefonica Movistar Suzuki | 00:17:12 | 30 | 16 | 7 |
| 4 | 7 | Carlos Checa | Marlboro Yamaha Team | 01:54:03 | 30 | 13 | 8 |
| 5 | 19 | Olivier Jacque | Gauloises Yamaha Tech3 | 08:13:20 | 30 | 11 | 14 |
| 6 | 11 | Tohru Ukawa | Repsol Ypf Honda Team | 08:14:14 | 30 | 10 | 10 |
| 7 | 56 | Shinya Nakano | Gauloises Yamaha Tech3 | 08:34:44 | 30 | 9 | 3 |
| 8 | 6 | Norifumi Abe | Antena 3 Yamaha d\'Antin | 08:43:20 | 30 | 8 | 13 |
| 9 | 17 | Jurgen vd Goorbergh | Proton Team KR | 09:02:54 | 30 | 7 | 9 |
| 10 | 3 | Max Biaggi | Marlboro Yamaha Team | 10:26:05 | 30 | 6 | 1 |
| 11 | 46 | Valentino Rossi | Nastro Azzurro Team | 11:11:43 | 30 | 5 | 2 |
| 12 | 5 | Garry McCoy | Red Bull Yamaha WCM | 02:48:54 | 30 | 4 | 5 |
| 13 | 14 | Anthony West | Dee Cee Jeans Racing Team | 11:16:15 | 29 | 3 | 18 |
| 14 | 16 | Johan Stigefelt | Sabre Sport | 23:30:57 | 29 | 2 | 21 |
| 15 | 21 | Barry Veneman | Dee Cee Jeans Racing Team | 01:27:17 | 28 | 1 | 20 |
| 16 | 9 | Leon Haslam | Shell Advance Honda | 21:34:20 | 28 | 0 | 19 |
| 17 | 10 | Jose Luis Cardoso | Antena 3 Yamaha d\'Antin | 14:43:12 | 26 | 0 | 16 |
| 18 | 18 | Brendan Clarke | Shell Advance Honda | 08:29:50 | 16 | 0 | 22 |
| 19 | 28 | Alex Criville | Repsol Ypf Honda Team | 13:05:09 | 23 | 0 | 6 |
| 20 | 41 | Noriyuki Haga | Red Bull Yamaha WCM | 16:52:16 | 29 | 0 | 15 |