| # | Rider | Team | Time | Gap |
|---|---|---|---|---|
| 1 | Bank Team Csc - Saxo | 24:16 | 24:16 | |
| 2 | Team Toyota - United Pro Cycling | + 03 | + 03 | + 03 |
| 3 | Belly Jelly | + 06 | + 06 | + 06 |
| 4 | Bank Team Csc - Saxo | + 20 | + 20 | + 20 |
| 5 | Praties | + 21 | + 21 | + 21 |
| 6 | 1 Team Type | + 22 | + 22 | + 22 |
| 7 | Team Toyota - United Pro Cycling | + 22 | + 22 | + 22 |
| 9 | Barloworld | + 39 | + 39 | + 39 |
| 10 | Barloworld | + 39 | + 39 | + 39 |
| 11 | Southaustralia.com-ais | + 40 | + 40 | + 40 |
| 14 | Panasonic | + 59 | + 59 | + 59 |
| 15 | 1 Team Type | + 59 | + 59 | + 59 |
| 19 | Dt Drapac - Porsche | + 01:10 | + 01:10 | + 01:10 |
| 20 | Dt Drapac - Porsche | + 01:11 | + 01:11 | + 01:11 |
| 21 | Praties | + 01:15 | + 01:15 | + 01:15 |
| 22 | Panasonic | + 01:17 | + 01:17 | + 01:17 |
| 23 | Bank Team Csc - Saxo | + 01:22 | + 01:22 | + 01:22 |
| 24 | Dt Drapac - Porsche | + 01:24 | + 01:24 | + 01:24 |
| 25 | Bank Team Csc - Saxo | + 01:25 | + 01:25 | + 01:25 |
| 26 | Dt Drapac - Porsche | + 01:26 | + 01:26 | + 01:26 |
| 27 | Southaustralia.com-ais | + 01:26 | + 01:26 | + 01:26 |
| 28 | Team Aisan Racing | + 01:27 | + 01:27 | + 01:27 |
| 29 | 1 Team Type | + 01:27 | + 01:27 | + 01:27 |
| 30 | Southaustralia.com-ais | + 01:36 | + 01:36 | + 01:36 |
| 31 | Dt Drapac - Porsche | + 01:38 | + 01:38 | + 01:38 |
| 34 | Team Aisan Racing | + 01:45 | + 01:45 | + 01:45 |
| 35 | Southaustralia.com-ais | + 01:52 | + 01:52 | + 01:52 |
| 36 | Forklifts Team Budget | + 01:55 | + 01:55 | + 01:55 |
| 37 | Team Savings & Loans Cycling | + 01:55 | + 01:55 | + 01:55 |
| 38 | Team Savings & Loans Cycling | + 02:00 | + 02:00 | + 02:00 |
| 39 | Barloworld | + 02:00 | + 02:00 | + 02:00 |
| 40 | Forklifts Team Budget | + 02:00 | + 02:00 | + 02:00 |
| 41 | Team Savings & Loans Cycling | + 02:01 | + 02:01 | + 02:01 |
| 42 | Dt Drapac - Porsche | + 02:03 | + 02:03 | + 02:03 |
| 44 | Team Toyota - United Pro Cycling | + 02:04 | + 02:04 | + 02:04 |
| 45 | Forklifts Team Budget | + 02:06 | + 02:06 | + 02:06 |
| 46 | Team Toyota - United Pro Cycling | + 02:08 | + 02:08 | + 02:08 |
| 48 | Praties | + 02:08 | + 02:08 | + 02:08 |
| 49 | Forklifts Team Budget | + 02:09 | + 02:09 | + 02:09 |
| 50 | Dt Drapac - Porsche | + 02:10 | + 02:10 | + 02:10 |
| 52 | Belly Jelly | + 02:11 | + 02:11 | + 02:11 |
| 53 | Panasonic | + 02:14 | + 02:14 | + 02:14 |
| 55 | Team Savings & Loans Cycling | + 02:24 | + 02:24 | + 02:24 |
| 56 | Team Aisan Racing | + 02:27 | + 02:27 | + 02:27 |
| 57 | Team Toyota - United Pro Cycling | + 02:31 | + 02:31 | + 02:31 |
| 58 | Team Aisan Racing | + 02:33 | + 02:33 | + 02:33 |
| 59 | Forklifts Team Budget | + 02:35 | + 02:35 | + 02:35 |
| 61 | Barloworld | + 02:39 | + 02:39 | + 02:39 |
| 62 | Belly Jelly | + 02:40 | + 02:40 | + 02:40 |
| 63 | Panasonic | + 02:40 | + 02:40 | + 02:40 |
| 64 | Forklifts Team Budget | + 02:42 | + 02:42 | + 02:42 |
| 65 | Team Savings & Loans Cycling | + 02:45 | + 02:45 | + 02:45 |
| 67 | Belly Jelly | + 02:49 | + 02:49 | + 02:49 |
| 68 | Southaustralia.com-ais | + 02:52 | + 02:52 | + 02:52 |
| 69 | Praties | + 03:08 | + 03:08 | + 03:08 |
| 70 | Barloworld | + 03:14 | + 03:14 | + 03:14 |
| 71 | Bank Team Csc - Saxo | + 03:16 | + 03:16 | + 03:16 |
| 73 | Team Toyota - United Pro Cycling | + 03:18 | + 03:18 | + 03:18 |
| 74 | Praties | + 03:19 | + 03:19 | + 03:19 |
| 75 | Praties | + 03:23 | + 03:23 | + 03:23 |
| 77 | Panasonic | + 03:26 | + 03:26 | + 03:26 |
| 78 | Team Savings & Loans Cycling | + 03:28 | + 03:28 | + 03:28 |
| 79 | Panasonic | + 03:30 | + 03:30 | + 03:30 |
| 80 | 1 Team Type | + 03:43 | + 03:43 | + 03:43 |
| 81 | 1 Team Type | + 03:43 | + 03:43 | + 03:43 |
| 83 | Team Aisan Racing | + 03:54 | + 03:54 | + 03:54 |
| 84 | 1 Team Type | + 04:10 | + 04:10 | + 04:10 |
| 85 | Panasonic | + 04:52 | + 04:52 | + 04:52 |