| Rank | Name | YOB | Club | Split | Time | Chiptime | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Sigurður Stefánsson | ISL | 1976 | Tindur | 01:02:08 | |||
| 2 | Guðmundur Sveinsson | ISL | 1979 | Breiðablik | 01:04:45 | +02:37 | 01:04:43 | |
| 3 | Steinar Þorbjörnsson | ISL | 1977 | Breiðablik | 01:06:14 | +04:06 | 01:06:11 | |
| 4 | Ármann Gylfason | ISL | 1977 | HFR | 01:07:12 | +05:04 | 01:07:09 | |
| 5 | Atli Jakobsson | ISL | 1975 | HFR | 01:08:52 | +06:44 | 01:08:48 | |
| 6 | Guðmundur B. Friðriksson | ISL | 1975 | HFR | 01:09:33 | +07:25 | 01:09:30 | |
| 7 | Guðlaugur Egilsson | ISL | 1972 | Bjartur | 01:11:36 | +09:28 | 01:11:32 | |
| 8 | Bjarni Már Gylfason | ISL | 1975 | HFR Oldfarts | 01:13:20 | +11:12 | 01:13:17 | |
| 9 | Valur Rafn | ISL | 1976 | Bjartur | 01:13:56 | +11:48 | 01:13:51 | |
| 10 | Björgvin Pálsson | ISL | 1974 | Tindur | 01:13:59 | +11:51 | 01:13:55 | |
| 11 | Hjalti Erdmann Sveinsson | ISL | 1972 | Ægir3 | 01:14:09 | +12:01 | 01:14:03 | |
| 12 | Jón þór Jónsson | ISL | 1975 | Víkingur | 01:15:17 | +13:09 | 01:15:11 | |
| 13 | Gunnar Örn Svavarsson | ISL | 1975 | HFR | 01:16:10 | +14:02 | 01:16:01 | |
| 14 | Jón Sigþór Jónsson | ISL | 1973 | Segna | 01:16:11 | +14:03 | 01:16:01 | |
| 15 | Arnór Gauti Helgason | ISL | 1972 | Vikingur | 01:17:22 | +15:14 | 01:17:08 | |
| 16 | Ómar Gústafsson | ISL | 1975 | Breiðablik | 01:20:11 | +18:03 | 01:20:03 | |
| 17 | Arnar Hlynur Ómarsson | ISL | 1974 | 01:21:01 | +18:53 | 01:20:43 | ||
| 18 | Daniel Gudbjartsson | ISL | 1973 | Víkingur | 01:21:13 | +19:05 | 01:21:00 | |
| 19 | Björn Örvar Björnsson | ISL | 1979 | Afturelding | 01:22:08 | +20:00 | 01:22:00 | |
| 20 | Brynjólfur Flosason | ISL | 1979 | HFR | 01:23:39 | +21:31 | 01:23:28 | |
| 21 | Ingvar Júlíus Tryggvason | ISL | 1975 | 01:24:41 | +22:33 | 01:24:36 | ||
| 22 | Bragi Hreinn Þorsteinsson | ISL | 1977 | Afturelding | 01:25:09 | +23:01 | 01:24:51 | |
| 23 | Sveinn Ottó Sigurðsson | ISL | 1971 | HFR | 01:25:28 | +23:20 | 01:25:19 | |
| 24 | Friðrik H Friðriksson | ISL | 1970 | Víkingur | 01:26:19 | +24:11 | 01:26:06 | |
| 25 | Brynjar Guðmundsson | ISL | 1975 | Afturelding | 01:29:19 | +27:11 | 01:29:03 | |
| 26 | Veigar Margeirsson | ISL | 1972 | Föruneyti hjólsins | 01:36:26 | +34:18 | 01:36:09 | |
| 27 | Dagbjartur Vilhjálmsson | ISL | 1977 | 01:37:59 | +35:51 | 01:37:35 | ||
| 28 | Helgi Hafsteinsson | ISL | 1978 | 01:38:25 | +36:17 | 01:38:00 | ||
| 29 | Gunnsteinn Ægir Haraldsson | ISL | 1970 | 01:40:47 | +38:39 | 01:40:24 | ||
| 30 | Bjarni Gunnarsson | ISL | 1974 | 01:42:09 | +40:01 | 01:41:56 | ||
| 31 | Elvar Þór Ólafsson | ISL | 1977 | 3N | 01:48:16 | +46:08 | 01:48:05 | |
| 32 | Siggi Gunn | ISL | 1974 | Bjartur | 01:48:16 | +46:08 | 01:48:09 | |
| 33 | Árni Pétur Reynisson | ISL | 1970 | 01:48:51 | +46:43 | 01:48:35 | ||
| 34 | Hrafn Árnason | ISL | 1972 | Föruneyti hjólsins | 01:49:48 | +47:40 | 01:49:28 |