In the fourth quarter, Alaska then became scoreless for three minutes after Jun Reyes' field goal, allowing Purefoods to put together an 11–0 scoring run, reducing the lead by one point with 46.7 seconds remaining after Poch Juinio was called on illegal defense.
[2] Jojo Lastimosa led a 17–7 burst midway through the third period, during which he hit two jumpers, a pair of free throws and a three-pointer to give Alaska its biggest lead, 59–44.
Bong Hawkins, Johnny Abarrientos and Jojo Lastimosa presided over a 9–2 run midway through the third quarter to pad the Milkmen's lead back to 12 points at 62–50.
Jeffrey Cariaso sank two decisive free throws with six-tenths of a second remaining in overtime to squeeze out a one-point victory for Alaska and win their first All-Filipino title.
Cariaso was fouled by Bong Ravena, who tried to intercept Jun Reyes' inbound but instead tagged Cariaso's arm and drew a foul, Ravena had earlier scored on a layup to give the Hotdogs a 91–89 lead and blocked Jojo Lastimosa to set up Alvin Patrimonio's free throw off Bong Hawkins that pushed Purefoods up, 92–91 with only 10.3 seconds to go.