The group consisted of hosts Portugal, Spain, Russia and Greece.
Portugal won the group and advanced to the quarter-finals, along with Greece.
Spain and Russia failed to advance.
Greece and Portugal faced each other again in the tournament final, with Greece again emerging victorious.
In the quarter-finals, Man of the Match: Theodoros Zagorakis (Greece)[1] Assistant referees: Marco Ivaldi (Italy) Narciso Pisacreta (Italy) Fourth official: Alain Hamer (Luxembourg) Man of the Match: Vicente (Spain)[2] Assistant referees: Rudolf Käppeli (Switzerland) Francesco Buragina (Switzerland) Fourth official: Kim Milton Nielsen (Denmark) Man of the Match: Raúl (Spain)[3] Assistant referees: Igor Šramka (Slovakia) Martin Balko (Slovakia) Fourth official: Stuart Dougal (Scotland) Man of the Match: Maniche (Portugal)[4] Assistant referees: Ole Hermann Borgan (Norway) Steinar Holvik (Norway) Fourth official: Frank De Bleeckere (Belgium) Man of the Match: Deco (Portugal)[5] Assistant referees: Kenneth Petersson (Sweden) Peter Ekström (Sweden) Fourth official: Stuart Dougal (Scotland) Man of the Match: Dmitri Kirichenko (Russia)[6] Assistant referees: Frédéric Arnault (France) Serge Vallin (France) Fourth official: Frank De Bleeckere (Belgium)