2011–12 EHF Women's Champions League knockout stage

First leg

31 March 2012 16:45	Larvik HK	20 – 22	Budućnost Podgorica	Arena Larvik, Larvik Attendance: 2,800 Referees: Badura, Ondogrecula (SVK)
	Koren Riegelhuth 8	(12–12)	Bulatović, Popović 6
	2× 3×	Report	6× 3×

1 April 2012 18:00	CS Oltchim Rm. Vâlcea	35 – 31	Győri Audi ETO KC	Sala Sporturilor Traian, Râmnicu Vâlcea Attendance: 3,140 Referees: Stolarovs, Licis (LAT)
	Pușcașu 7	(13–17)	Amorim 10
	4× 3×	Report	2× 3×

Second leg

7 April 2012 16:00	Győri Audi ETO KC	31 – 23	CS Oltchim Rm. Vâlcea	Veszprém Aréna, Veszprém1 Attendance: 5,000 Referees: Dentz, Reibel (FRA)
	Görbicz 12	(19–12)	five players 3
	6× 3×	Report	6× 3×

8 April 2012 19:00	Budućnost Podgorica	23 – 13	Larvik HK	Morača Sports Center, Podgorica Attendance: 4,500 Referees: Opava, Valek (CZE)
	Popović 7	(10–7)	Sulland 3
	2× 3×	Report	1× 3×

Notes

• Note 1: Győri Audi ETO KC will play their home match on Veszprém Aréna in Veszprém as it has a greater capacity than their own Magvassy Mihály Sportcsarnok from Győr.

First leg

5 May 2012 17:15	Győri Audi ETO KC	29 – 27	Budućnost Podgorica	Veszprém Aréna, Veszprém1 Attendance: 5,000 Referees: Fleisch, Rieber (GER)
	Görbicz 12	(13–12)	Popović 14
	2× 3×	Report	5× 3× 1×

Second leg

13 May 2012 19:00	Budućnost Podgorica	27 – 25	Győri Audi ETO KC	Morača Sports Center, Podgorica Attendance: 4,000 Referees: Gjeding, Hansen (DEN)
	Bulatović 9	(13–12)	Görbicz 9
	9× 3×	Report	3× 3×

Notes

• Note 1: Győri Audi ETO KC will play their home match on Veszprém Aréna in Veszprém as it has a greater capacity than their own Magvassy Mihály Sportcsarnok from Győr.