Friday 3 April 1953 at Fratton Park (Att 39,770)

Portsmouth (0) 2 (Froggatt 56, Harris 60): Upritchard, Hall, Stephen, Scoular, Froggatt, Dickinson, Harris, Phillips, Vaughan, Reid, Henderson.
Wolves (1) 2 (Swinbourne 19, Slater 90): Sims, Short, Pritchard, Wright, Shorthouse, Slater, Hancocks, Stockin, Swinbourne, Wilshaw, Mullen.

Referee: Mr H Wright (Thornton Heath).
Order of Goals: W,p,p,W.
Penalty: Awarded after an hour for handball against Jack Short was taken by Peter Harris and saved by Nigel Sims. Harris though netted from the rebound.
Position: 3rd.