In 1999, Molde had a successful season, finishing second in the league and reaching the semi-final of the 1999 Norwegian Cup, where they were eliminated by Brann. Molde also participated in the UEFA Champions League, where Molde was drawn against CSKA Moscow in the second qualifying round. In the first match in Moscow, Molde lost 2–0, while in the second leg, 19-year-old Magne Hoseth had his big break-through with two goals when CSKA was defeated 4–0 to send Molde to the third qualifying round, where they met Mallorca. The first leg against Mallorca ended 0–0 at home. Away at Mallorca were Molde one goal behind for a long time, but Andreas Lund became the big hero when he equalized on a penaltyin the 84th minute. With a 1–1 aggregate score, Molde qualified for the group stage on away goals, and Molde became the team from the smallest city to have qualified for the group stage of Champions League until Unirea Urziceni repeated the feat in 2009–10. In the group stage, Molde were drawn against Real Madrid, Porto and Olympiacos, and with one win and five losses, Molde finished last in their group. On the occasion of Molde's 100-year anniversary in 2011, the readers of the local newspaper "Romsdals Budstikke" voted 1999 as the best year in the history of the club.