| Rank | Bib | Name | Year | Club | Country | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|
| 1 | 1670 | Sigurjón Sigurbjörnsson | 1955 | Hlaopahóp FH | ISL | 00:41:45 | 00:41:42 | |
| 2 | 1640 | Jóhann Karlsson | 1948 | Árbæjarskokk | ISL | 00:43:31 | +01:46 | 00:43:25 |
| 3 | 1677 | Sigurður P. Sigmundsson | 1957 | FH | ISL | 00:44:07 | +02:22 | 00:44:03 |
| 4 | 1631 | Sigurður Konráðsson | 1953 | Hlaupahópur Sigga P. | ISL | 00:48:07 | +06:22 | 00:48:00 |
| 5 | 1581 | Stefán Guðmundsson | 1957 | ISL | 00:53:08 | +11:23 | 00:52:57 | |
| 6 | 1578 | Helgi Halldórsson | 1951 | Höttur | ISL | 00:55:45 | +14:00 | 00:55:30 |
| 7 | 1550 | Gunnar J Geirsson | 1944 | Laugaskokk | ISL | 01:00:12 | +18:27 | 00:59:55 |
| 8 | 1646 | Ólafur Bragason | 1956 | Hlaupahópur Fram Grafarholti | ISL | 01:05:22 | +23:37 | 01:05:03 |
| 9 | 1759 | Ingílfur S. Sveinsson | 1939 | Laugaskokk | ISL | 01:08:16 | +26:31 | 01:07:58 |
| 10 | 1737 | Jon S Magnusson | 1946 | ISL | 01:09:55 | +28:10 | 01:09:39 | |
| 11 | 1779 | Eysteinn Hafberg | 1940 | Skokkhópur Hauka | ISL | 01:11:27 | +29:42 | 01:11:15 |