Otrdiena, 15. novembris, 2011 — otrdiena, 20. decembris, 2011
| | 80:74 |  | VEF Rīga — PAOK BC | |     |
| | 63:75 | | Cholet Basket — BC Khimki | |     |
| | 90:70 | | BC Khimki — VEF Rīga | |     |
| | 74:62 | | PAOK BC — Cholet Basket | |     |
| | 69:53 |  | VEF Rīga — Cholet Basket | |     |
| | 62:71 | | PAOK BC — BC Khimki | |     |
| | 72:68 | | Cholet Basket — VEF Rīga | |     |
| | 89:65 | | BC Khimki — PAOK BC | |     |
| | 76:81 |  | PAOK BC — VEF Rīga | |     |
| | 76:70 | | BC Khimki — Cholet Basket | |     |
| | 68:79 | | VEF Rīga — BC Khimki | |     |
| | 69:66 | | Cholet Basket — PAOK BC | |     |