Not everyone stayed around after the M Award leading to a smaller grid for FP3.
| Pos. | Rider | Motorcycle | Lap time | Km/h | Gap |
|---|---|---|---|---|---|
| 1 | Andrea DOVIZIOSO | Honda | 1’51.488 | 260.743 | |
| 2 | Chris VERMEULEN | Suzuki | 1’51.688 | 270.473 | 0.200 |
| 3 | Marco MELANDRI | Kawasaki | 1’52.105 | 253.699 | 0.617 |
| 4 | Vittoriano GUARESCHI | Ducati | 1’52.228 | 257.941 | 0.740 |
| 5 | Nicky HAYDEN | Ducati | 1’52.243 | 266.600 | 0.755 |
| 6 | Mika KALLIO | Ducati | 1’52.343 | 264.187 | 0.855 |
| 7 | Yuki TAKAHASHI | Honda | 1’53.678 | 259.428 | 2.190 |
| 8 | Loris CAPIROSSI | Suzuki | 1’55.147 | 248.733 | 3.659 |
| 9 | Niccolo CANEPA | Ducati | 1’55.219 | 256.166 | 3.731 |
| 10 | Randy DE PUNIET | Honda | 1’55.465 | 250.754 | 3.977 |
| Not Classified: | |||||
| Alex DE ANGELIS | Honda | Lap | |||
| Toni ELIAS | Honda | Lap | |||
| Casey STONER | Ducati | Lap | |||
| Valentino ROSSI | Yamaha | Lap | |||
| Colin EDWARDS | Yamaha | Lap | |||
| James TOSELAND | Yamaha | Lap | |||
| Sete GIBERNAU | Ducati | Lap | |||
| Kousuke AKIYOSHI | Honda | Lap | |||
| Jorge LORENZO | Yamaha | Lap |