| # | Rider | Team | Time | Gap |
|---|---|---|---|---|
| 1 | Valenciana Comunidad | 53:54 | 53:54 | |
| 2 | Tavira Duja - | + 04 | + 04 | + 04 |
| 3 | Boavista Carvalhelhos - | + 11 | + 11 | + 11 |
| 4 | Valenciana Comunidad | + 01:00 | + 01:00 | + 01:00 |
| 5 | Halcon Barbot - | + 01:30 | + 01:30 | + 01:30 |
| 6 | Seguros La Aluminios - Liberty | + 01:32 | + 01:32 | + 01:32 |
| 7 | Alcobaca Riberalves - | + 01:49 | + 01:49 | + 01:49 |
| 8 | Seguros La Aluminios - Liberty | + 01:52 | + 01:52 | + 01:52 |
| 9 | Tavira Duja - | + 02:14 | + 02:14 | + 02:14 |
| 10 | Simplon Elk Haus - | + 02:39 | + 02:39 | + 02:39 |
| 11 | Kaiku | + 03:09 | + 03:09 | + 03:09 |
| 12 | Milaneza Maia | + 03:15 | + 03:15 | + 03:15 |
| 13 | Hotel Imoholding - Loule Jardim | + 03:17 | + 03:17 | + 03:17 |
| 14 | Moveis Paredes Rota Dos | + 03:19 | + 03:19 | + 03:19 |
| 15 | Kaiku | + 03:22 | + 03:22 | + 03:22 |
| 16 | Milaneza Maia | + 03:27 | + 03:27 | + 03:27 |
| 17 | Alcobaca Riberalves - | + 03:35 | + 03:35 | + 03:35 |
| 18 | Kaiku | + 03:36 | + 03:36 | + 03:36 |
| 19 | Boavista Carvalhelhos - | + 03:38 | + 03:38 | + 03:38 |
| 20 | Canelas Madeinox - Bric - Ar | + 03:40 | + 03:40 | + 03:40 |
| 21 | Lampre-fondital | + 03:45 | + 03:45 | + 03:45 |
| 22 | Alcobaca Riberalves - | + 03:53 | + 03:53 | + 03:53 |
| 23 | Lampre-fondital | + 03:53 | + 03:53 | + 03:53 |
| 24 | Boavista Carvalhelhos - | + 03:54 | + 03:54 | + 03:54 |
| 25 | Seguros La Aluminios - Liberty | + 03:54 | + 03:54 | + 03:54 |
| 26 | Seguros La Aluminios - Liberty | + 03:55 | + 03:55 | + 03:55 |
| 27 | Barloworld | + 04:05 | + 04:05 | + 04:05 |
| 28 | Milaneza Maia | + 04:09 | + 04:09 | + 04:09 |
| 29 | Valenciana Comunidad | + 04:11 | + 04:11 | + 04:11 |
| 30 | Boavista Carvalhelhos - | + 04:13 | + 04:13 | + 04:13 |
| 31 | Hotel Imoholding - Loule Jardim | + 04:16 | + 04:16 | + 04:16 |
| 32 | Tavira Duja - | + 04:20 | + 04:20 | + 04:20 |
| 33 | Seguros La Aluminios - Liberty | + 04:22 | + 04:22 | + 04:22 |
| 34 | Hotel Imoholding - Loule Jardim | + 04:24 | + 04:24 | + 04:24 |
| 35 | Milaneza Maia | + 04:31 | + 04:31 | + 04:31 |
| 36 | Milaneza Maia | + 04:38 | + 04:38 | + 04:38 |
| 37 | Barloworld | + 04:38 | + 04:38 | + 04:38 |
| 38 | - Gam Relax | + 04:40 | + 04:40 | + 04:40 |
| 39 | Seguros La Aluminios - Liberty | + 04:43 | + 04:43 | + 04:43 |
| 40 | Simplon Elk Haus - | + 04:46 | + 04:46 | + 04:46 |
| 41 | Lampre-fondital | + 04:53 | + 04:53 | + 04:53 |
| 42 | Moveis Paredes Rota Dos | + 04:56 | + 04:56 | + 04:56 |
| 43 | Halcon Barbot - | + 04:59 | + 04:59 | + 04:59 |
| 44 | Valenciana Comunidad | + 05:05 | + 05:05 | + 05:05 |
| 45 | Canelas Madeinox - Bric - Ar | + 05:10 | + 05:10 | + 05:10 |
| 46 | Tavira Duja - | + 05:11 | + 05:11 | + 05:11 |
| 47 | Hotel Imoholding - Loule Jardim | + 05:14 | + 05:14 | + 05:14 |
| 48 | Simplon Elk Haus - | + 05:21 | + 05:21 | + 05:21 |
| 49 | Kaiku | + 05:21 | + 05:21 | + 05:21 |
| 50 | Kaiku | + 05:24 | + 05:24 | + 05:24 |
| 51 | Flaminia Ceramica | + 05:28 | + 05:28 | + 05:28 |
| 52 | Barloworld | + 05:29 | + 05:29 | + 05:29 |
| 53 | Alcobaca Riberalves - | + 05:32 | + 05:32 | + 05:32 |
| 54 | Canelas Madeinox - Bric - Ar | + 05:37 | + 05:37 | + 05:37 |
| 55 | Halcon Barbot - | + 05:40 | + 05:40 | + 05:40 |
| 56 | Boavista Carvalhelhos - | + 05:43 | + 05:43 | + 05:43 |
| 57 | Tavira Duja - | + 05:44 | + 05:44 | + 05:44 |
| 58 | Canelas Madeinox - Bric - Ar | + 05:51 | + 05:51 | + 05:51 |
| 59 | - Gam Relax | + 05:54 | + 05:54 | + 05:54 |
| 60 | Canelas Madeinox - Bric - Ar | + 05:57 | + 05:57 | + 05:57 |
| 61 | Barloworld | + 06:18 | + 06:18 | + 06:18 |
| 62 | Hotel Imoholding - Loule Jardim | + 06:20 | + 06:20 | + 06:20 |
| 63 | Seguros La Aluminios - Liberty | + 06:21 | + 06:21 | + 06:21 |
| 64 | Canelas Madeinox - Bric - Ar | + 06:24 | + 06:24 | + 06:24 |
| 65 | Boavista Carvalhelhos - | + 06:35 | + 06:35 | + 06:35 |
| 66 | Milaneza Maia | + 06:38 | + 06:38 | + 06:38 |
| 67 | Flaminia Ceramica | + 06:39 | + 06:39 | + 06:39 |
| 68 | Seguros La Aluminios - Liberty | + 06:44 | + 06:44 | + 06:44 |
| 69 | Halcon Barbot - | + 06:49 | + 06:49 | + 06:49 |
| 70 | - Asc Vitoria | + 06:53 | + 06:53 | + 06:53 |
| 71 | Moveis Paredes Rota Dos | + 06:57 | + 06:57 | + 06:57 |
| 72 | Barloworld | + 06:59 | + 06:59 | + 06:59 |
| 73 | Boavista Carvalhelhos - | + 06:59 | + 06:59 | + 06:59 |
| 74 | Moveis Paredes Rota Dos | + 07:21 | + 07:21 | + 07:21 |
| 75 | Kaiku | + 07:28 | + 07:28 | + 07:28 |
| 76 | - Gam Relax | + 07:31 | + 07:31 | + 07:31 |
| 77 | Lampre-fondital | + 07:33 | + 07:33 | + 07:33 |
| 78 | Barloworld | + 07:38 | + 07:38 | + 07:38 |
| 79 | Lampre-fondital | + 07:39 | + 07:39 | + 07:39 |
| 80 | Moveis Paredes Rota Dos | + 07:47 | + 07:47 | + 07:47 |
| 81 | Canelas Madeinox - Bric - Ar | + 07:55 | + 07:55 | + 07:55 |
| 82 | Flaminia Ceramica | + 08:02 | + 08:02 | + 08:02 |
| 83 | - Gam Relax | + 08:07 | + 08:07 | + 08:07 |
| 84 | Milaneza Maia | + 08:12 | + 08:12 | + 08:12 |
| 85 | Hotel Imoholding - Loule Jardim | + 08:13 | + 08:13 | + 08:13 |
| 86 | - Asc Vitoria | + 08:14 | + 08:14 | + 08:14 |
| 87 | - Gam Relax | + 08:15 | + 08:15 | + 08:15 |
| 88 | Milaneza Maia | + 08:32 | + 08:32 | + 08:32 |
| 89 | - Asc Vitoria | + 08:43 | + 08:43 | + 08:43 |
| 90 | Flaminia Ceramica | + 08:47 | + 08:47 | + 08:47 |
| 91 | Alcobaca Riberalves - | + 08:53 | + 08:53 | + 08:53 |
| 92 | Valenciana Comunidad | + 08:55 | + 08:55 | + 08:55 |
| 93 | Halcon Barbot - | + 09:03 | + 09:03 | + 09:03 |
| 94 | Tavira Duja - | + 09:07 | + 09:07 | + 09:07 |
| 95 | Moveis Paredes Rota Dos | + 09:14 | + 09:14 | + 09:14 |
| 96 | Alcobaca Riberalves - | + 09:17 | + 09:17 | + 09:17 |
| 97 | Tavira Duja - | + 09:31 | + 09:31 | + 09:31 |
| 98 | Tavira Duja - | + 09:59 | + 09:59 | + 09:59 |
| 99 | Halcon Barbot - | + 10:12 | + 10:12 | + 10:12 |
| 100 | Alcobaca Riberalves - | + 10:18 | + 10:18 | + 10:18 |
| 101 | Tavira Duja - | + 10:36 | + 10:36 | + 10:36 |
| 102 | Boavista Carvalhelhos - | + 10:54 | + 10:54 | + 10:54 |
| 103 | Halcon Barbot - | + 12:58 | + 12:58 | + 12:58 |
| 104 | Seguros La Aluminios - Liberty | + 14:07 | + 14:07 | + 14:07 |