| 28.03.1954 | Athen | Panathinaïkos | 25 000 |
| Greece | 0:1(0:0) | Yugoslavia |
| Taouxis Charalambos, Rossidis Ilias(c), Kourtzidis Yorgos, Xanthopouilos Vassilios, Linoxylakis Konstantinos, Kotridis Charalambos, Kokkinakis Dimitriou, Papadoniou Yannis, Stamatiadis Andreas, Kamaras Yorgos, Panakis Evangelis | Stojanovic Slavko, Stankovic Branko, Zekovic Milan, Cajkovski Zlatko(c), Horvat Ivan, Boskov Vujadin, Rajkov Zdravko, Veselinovic Todor, Mitic Rajko, Milutinovic Milos, Zebec Branko |
| Coach:Ioannis Chelmis | Aleksandar Tirnanic, Milorad Arsenijevic, Leo Lemesic |
| Scorers: | 50' Veselinovic Todor |
| Substitutions:40' in Georgios Mouratidis out Xanthopouilos Vassilios |   |
| Referee:Willy Ruffli (SUI) | Assistant referee:Mohamed Mehdawy (EGY), Ismael Kasseb (EGY) |