| P. | # | Rider | Bike | Laps | Time | Gap | KM/H | Best Lap | On | Gr. |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 5 |  David VÁZQUEZ | Ducati | 26 | 42:14.317 | 130.72 | 1:36.553 | 10 | 2 | |
| 2 | 6 | Óscar SAINZ | Ducati | 26 | 42:14.800 | 0.483 | 130.69 | 1:35.875 | 2 | 5 |
| 3 | 21 |  Bernard HÄNGGELI | Honda | 26 | 42:35.975 | 21.658 | 129.61 | 1:36.650 | 4 | 4 |
| 4 | 9 | Alain SCHORDERET | Honda | 26 | 42:48.151 | 33.834 | 128.99 | 1:37.519 | 14 | 7 |
| 5 | 1 | Idalio GAVIRA | Honda | 26 | 42:56.263 | 41.946 | 128.59 | 1:38.023 | 19 | 9 |
| 6 | 36 |  Jan Olav NOTENG | Suzuki | 26 | 42:56.722 | 42.405 | 128.57 | 1:38.094 | 7 | 8 |
| 7 | 14 |  Telmo PEREIRA | Suzuki | 26 | 42:57.344 | 43.027 | 128.53 | 1:37.598 | 7 | 6 |
| 8 | 7 | Alexandre LARANJEIRA | Suzuki | 26 | 43:30.948 | 1:16.631 | 126.88 | 1:38.950 | 2 | 11 |
| 9 | 56 |  Radek URBÁNEC | Kawasaki | 26 | 43:36.213 | 1:21.896 | 126.63 | 1:38.876 | 2 | 13 |
| 10 | 8 |  Paolo MALVINI | Ducati | 26 | 43:49.528 | 1:35.211 | 125.98 | 1:40.018 | 12 | 16 |
| 11 | 17 | Eduardo PAULA | Kawasaki | 25 | 42:15.313 | 1 lap | 125.64 | 1:40.039 | 11 | 15 |
| 12 | 34 | Daniel OLIVER | Ducati | 25 | 42:15.956 | 1 lap | 125.61 | 1:40.110 | 15 | 12 |
| 13 | 24 |  Richard DEFAGO | Kawasaki | 25 | 42:17.902 | 1 lap | 125.51 | 1:40.100 | 15 | 14 |
| 14 | 20 |  Harry FATH | Ducati | 25 | 42:41.020 | 1 lap | 124.38 | 1:41.465 | 7 | 18 |
| 15 | 49 | Jiří MRKÝVKA | Kawasaki | 25 | 42:42.640 | 1 lap | 124.30 | 1:41.386 | 7 | 19 |
| 16 | 40 | Steve MARKS | Kawasaki | 25 | 42:52.633 | 1 lap | 123.82 | 1:39.862 | 15 | 17 |
| 17 | 32 | Ondřej LELEK | Ducati | 25 | 43:01.009 | 1 lap | 123.42 | 1:41.378 | 17 | 20 |
| 18 | 41 | Rui VIEIRA | Ducati | 24 | 43:13.693 | 2 laps | 117.90 | 1:45.176 | 5 | 22 |
| 19 | 42 | Ignacio VEGA-PENICHET | Suzuki | 24 | 43:16.917 | 2 laps | 117.75 | 1:46.239 | 7 | 23 |
| 20 | 63 | Jose Luis MARTÍN | Suzuki | 23 | 43:53.322 | 3 laps | 111.29 | 1:52.342 | 19 | 25 |
| RT | 35 | Pedro BAPTISTA | Kawasaki | 13 | 21:48.450 | --- | 126.59 | 1:38.876 | 6 | 10 |
| RT | 10 | Rubén XAUS | Ducati | 12 | 19:40.470 | Accident | 129.52 | 1:37.185 | 11 | 1 |
| RT | 2 | Eustáquio GAVIRA | Honda | 10 | 16:09.550 | Accident | 131.42 | 1:36.203 | 2 | 3 |
| RT | 45 | Agostinho VIEIRA | Suzuki | 8 | 15:07.290 | --- | 112.35 | 1:45.299 | 3 | 21 |
| RT | 33 | Mark JACKSON | Honda | 5 | 9:49.280 | --- | 108.11 | 1:54.364 | 2 | 26 |
| NS | 52 | Frederic FARGAS | Ducati | Not started | 24 |
| Fastest lap | 6 | Óscar SAINZ | Ducati | 1:35.875 | on lap 2 | 132.90 km/h |
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