| 16/9/98 | Lens | 1 | Arsenal | 1 | |
| 16/9/98 | Panathinaikos | 2 | Dynamo Kiev | 1 | |
| 30/9/98 | Dynamo Kiev | 1 | Lens | 1 | |
| 30/9/98 | Arsenal | 2 | Panathinaikos | 1 | |
| 21/10/98 | Lens | 1 | Panathinaikos | 0 | |
| 21/10/98 | Arsenal | 1 | Dynamo Kiev | 1 | |
| 4/11/98 | Dynamo Kiev | 3 | Arsenal | 1 | |
| 4/11/98 | Panathinaikos | 1 | Lens | 0 | |
| 25/11/98 | Arsenal | 0 | Lens | 1 | |
| 25/11/98 | Dynamo Kiev | 2 | Panathinaikos | 1 | |
| 9/12/98 | Lens | 1 | Dynamo Kiev | 3 | |
| 9/12/98 | Panathinaikos | 1 | Arsenal | 3 |
| P | W | D | L | F | A | Pts | |
| Dynamo Kiev | 6 | 3 | 2 | 1 | 11 | 7 | 11 |
| Arsenal | 6 | 2 | 2 | 2 | 8 | 8 | 8 |
| Lens | 6 | 2 | 2 | 2 | 5 | 6 | 8 |
| Panathinaikos | 6 | 2 | 0 | 4 | 6 | 9 | 6 |
Dynamo Kiev qualifies for the quarter-finals of the UEFA Champions League