| Rank | Bib | Name | Year | Club | Country | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|
| 1 | 1655 | Víðir Þór Magnússon | 1964 | HH FH | ISL | 00:39:08 | 00:39:06 | |
| 2 | 1570 | Helgi Sigurðsson | 1961 | Hlaupahópur Sigga P | ISL | 00:40:01 | +00:53 | 00:39:59 |
| 3 | 1579 | Arnar Jónsson | 1965 | Hlaupahópur Stjörnunnar | ISL | 00:40:29 | +01:21 | |
| 4 | 1504 | Páll Harðarson | 1966 | ISL | 00:40:54 | +01:46 | 00:40:52 | |
| 5 | 1599 | Haraldur Haraldsson | 1967 | Kópavogur | ISL | 00:40:57 | +01:49 | 00:40:55 |
| 6 | 1529 | Kristján Þorbergsson | 1963 | Toyota | ISL | 00:41:59 | +02:51 | 00:41:57 |
| 7 | 1715 | Fjölnir Þór Árnason | 1966 | Icelandair | ISL | 00:42:52 | +03:44 | 00:42:45 |
| 8 | 1532 | Kristinn Guðmundsson | 1959 | Fulgklúbburinn Kiddi | ISL | 00:43:19 | +04:11 | 00:43:16 |
| 9 | 1696 | Karl Rúnar Þórsson | 1967 | Skokkhópur Hauka | ISL | 00:43:47 | +04:39 | 00:43:42 |
| 10 | 1517 | Guðmundur Kristinsson | 1965 | Laugaskokk | ISL | 00:43:59 | +04:51 | |
| 11 | 1767 | Einar Arnarsson | 1963 | KR-skokk | ISL | 00:44:19 | +05:11 | 00:44:12 |
| 12 | 1555 | Lúðvík Björgvinsson | 1960 | Árbæjarskokk | ISL | 00:44:41 | +05:33 | 00:44:38 |
| 13 | 1566 | Friðrik Ármann Guðmundsson | 1960 | Hlaupasamtök Lýðveldisins | ISL | 00:44:54 | +05:46 | 00:44:50 |
| 14 | 1620 | Þorsteinn Andrésson | 1968 | ISL | 00:45:47 | +06:39 | 00:45:38 | |
| 15 | 1557 | Róbert Jósefsson | 1962 | UMF.Þrestir | ISL | 00:46:12 | +07:04 | 00:46:07 |
| 16 | 1661 | Felix Sigurðsson | 1963 | ÍR-skokk | ISL | 00:48:17 | +09:09 | 00:48:08 |
| 17 | 1702 | Helgi Kárason | 1968 | IR-skokk | ISL | 00:48:18 | +09:10 | 00:48:09 |
| 18 | 1506 | Grétar Þórisson | 1964 | Víkingur | ISL | 00:48:27 | +09:19 | 00:48:22 |
| 19 | 1531 | Gunnar Þorgeirsson | 1968 | ISL | 00:49:25 | +10:17 | 00:49:15 | |
| 20 | 1748 | Björn Oddsson | 1968 | Skagaskokk | ISL | 00:49:53 | +10:45 | 00:49:48 |
| 21 | 1603 | Ásbjörn Jónsson | 1960 | FH | ISL | 00:50:23 | +11:15 | 00:50:15 |
| 22 | 1541 | Þorvarður Jónsson | 1960 | FH | ISL | 00:50:49 | +11:41 | 00:50:40 |
| 23 | 1536 | Skúli S. Ólafsson | 1968 | Skokkhópur HÍ | ISL | 00:51:46 | +12:38 | 00:51:27 |
| 24 | 1638 | Bjarni Karlsson | 1963 | ISL | 00:52:56 | +13:48 | 00:52:49 | |
| 25 | 1747 | Sigurður Jóhannesson | 1961 | ISL | 00:53:49 | +14:41 | 00:53:29 | |
| 26 | 1756 | Magnús Jón Björnsson | 1966 | Árbærjarskokk | ISL | 00:54:59 | +15:51 | 00:54:48 |
| 27 | 1681 | Pétur Pétursson | 1964 | UMFUS | ISL | 00:58:06 | +18:58 | 00:57:51 |
| 28 | 1576 | Friðrik Guðmundsson | 1965 | Breiðablik | ISL | 00:58:54 | +19:46 | 00:58:45 |
| 29 | 1750 | Jón Óskarsson | 1962 | Ásmegin | ISL | 01:06:36 | +27:28 | 01:06:25 |