| 09.04.1950 | Lisabon | Nacional de Gamor | 30 000 |
| Portugal | 2:2(0:1) | Spain |
| Capella Manuel, Carvalho Angelo, Serafim Baptista, Barrosa Octavio, Felix Antunes, Ferreira Francisco(c), Correia Jesus, Duarte Arsenio, Cabrita Fernando, Travaços José, Albano Pereira | Eizaguirre Ignacio(c), Asensi Vicente, Parra Jose, Gonzalvo Jose, Ontoria Sebastian, Puchades Antonio, Basora Estanislao, Molowny Luis Arbelo, Zarra Telmo Zarraonandia, Panizo Jose Luis, Gainza Augustin |
| Coach:Salvador do Campo | Guillermo Eizaguirre |
| Scorers:52' Travaços José, 54' Correia Jesus | 25' Zarra Telmo Zarraonandia, 82' Gainza Augustin |
| Referee:Jack Mowatt (SCO) | Assistant referee:Crossley (SCO), Thompson (SCO) |