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 | | |