| Group B | P | W | D | L | GF | GA | GD | points |
|---|---|---|---|---|---|---|---|---|
 Valencia | 6 | 2 | 3 | 1 | 5 | 6 | -1 | 9 |
 AFC Ajax | 6 | 1 | 5 | 0 | 6 | 5 | 1 | 8 |
 Arsenal | 6 | 1 | 4 | 1 | 6 | 5 | 1 | 7 |
 AS Roma | 6 | 1 | 2 | 3 | 7 | 8 | -1 | 5 |
Wednesday 19 March 2003 | |||||||
| Valencia | 2 | - | 1 | Arsenal | 19:45 | STATS» | |
| AS Roma | 1 | - | 1 | AFC Ajax | 19:45 | STATS» | |
Tuesday 11 March 2003 | |||||||
| AFC Ajax | 1 | - | 1 | Valencia | 19:45 | STATS» | |
| Arsenal | 1 | - | 1 | AS Roma | 18:45 | STATS» | |
Wednesday 26 February 2003 | |||||||
| Valencia | 0 | - | 3 | AS Roma | 19:45 | STATS» | |
| AFC Ajax | 0 | - | 0 | Arsenal | 19:45 | STATS» | |
Tuesday 18 February 2003 | |||||||
| AS Roma | 0 | - | 1 | Valencia | 19:45 | STATS» | |
| Arsenal | 1 | - | 1 | AFC Ajax | 18:45 | STATS» | |
Tuesday 10 December 2002 | |||||||
| Arsenal | 0 | - | 0 | Valencia | 18:45 | STATS» | |
| AFC Ajax | 2 | - | 1 | AS Roma | 19:45 | STATS» | |
Wednesday 27 November 2002 | |||||||
| Valencia | 1 | - | 1 | AFC Ajax | 19:45 | STATS» | |
| AS Roma | 1 | - | 3 | Arsenal | 19:45 | STATS» | |