Race 2 (112)
GRAYBURN HANDICAP Rating:72-48 1650m Happy Valley Good To Firm
Section 2
| Placing | Horse No |
Horse Name | Jockey | Gear | Comment |
| 1 | 9 | SEATTLE SUN (BS116) | J Egan | B | Settled behind midfield. Checked coming out of back straight. Quickly renewed effort and finished well to take charge closing stages. |
| 2 | 2 | MILLENNIUM SUPREME (BV228) | F Coetzee | TT | Settled in midfield. Commenced run rounding home bend and hit front early in straight. Worn down closing stages. |
| 3 | 1 | RED DIAMOND (BS055) | E Saint-Martin | B | Never far off. Hampered early in home bend and made steady progress down straight without troubling leaders. |
| 4 | 6 | AMERICAN CHAMPION (BN179) | D Whyte | B | Settled at the back. Making headway under pressure when inconvenienced early in home bend. Produced steady run down centre of straight past beaten runners. |
| 5 | 11 | THE ESTABLISHMENT (BS127) | W C Marwing | TT | Midfield to straight. Kept on one pace. |
| 6 | 10 | MY FRIENDS SAY (BP220) | W M Lai | V | Rear to straight. Made moderate progress past beaten runners. |
| 7 | 12 | NOBLE CHARGE (BV306) | S Dye | TT | Settled just behind midfield. Took closer order home bend and widest runner into straight. No extra. |
| 8 | 7 | HOSSEGOR (BT136) | Y T Cheng | P-/V2 | Never in contention. |
| 9 | 3 | KOH-I-NOOR (BS043) | S K Sit | -- | Prominent to straight then dropped out. |
| 10 | 4 | DARING STEED (BP276) | K S Yu | B | Well there to 400 M then dropped out. |
| 11 | 5 | MUNDAHISH (BT250) | C P Ting | V | Led field to 300 M then dropped out. |
| 12 | 8 | SIR GALWAY (BP018) | K H Ting | B | Prominent until giving ground quickly from Rock. Checked and lost further ground home bend. |
| B : | Blinkers | BO : | Blinker with one cowl only | CC : | Cornell Collar | CP : | Sheepskin Cheek Pieces |
| CO : | Sheepskin Cheek Piece One Side | E : | Ear Plugs | H : | Hood | P : | Pacifier |
| PC : | Pacifier with cowls | PS : | Pacifier with one cowl | SB : | Sheepskin Browband | SR : | Shadow Roll |
| TT : | Tongue Tie | V : | Visor | VO : | Visor with one cowl | XB : | Crossed Nose Band |
| "1" : | First time | "2" : | Replaced | "-" : | Removed |