| Rank | BIB | Name | Year | Club | Time | Chiptime | |||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 26 | Helgi Sigurðsson | 1961 | Hlaupahópur Sigga P | 00:39:50 | 00:39:49 | |||
| 2 | 35 | Kristinn Guðmundsson | 1959 | Árbæjarskokk | 00:41:28 | +01:38 | 00:41:26 | ||
| 3 | 49 | Sveinn Símonarson | 1962 | 3SH | 00:52:00 | +12:10 | 00:51:55 | ||
| 4 | 65 | Sigmundur Stefánsson | 1953 | 00:54:46 | +14:56 | 00:54:40 | |||
| 5 | 63 | Magnús Jóhannsson | 1954 | 00:55:34 | +15:44 | 00:55:29 |