| Rank | BIB | Name | Year | Club | Split | Time | ||
|---|---|---|---|---|---|---|---|---|
| 1 | 114 | Helgi Reynir Árnason | 1979 | SÓ Elítan | 00:44:57 (Hr 1) | 01:33:12 | ||
| 2 | 102 | Árni Stefánsson | 1983 | SKA | 00:46:31 (Hr 1) | 01:36:28 | +03:16 | |
| 3 | 123 | Þorvaldur Sveinn Guðbjörnsson | 1978 | SÓ Elítan | 00:46:53 (Hr 1) | 01:37:39 | +04:27 | |
| 4 | 121 | Ragnar Bragason | 1974 | SFS | 00:47:20 (Hr 1) | 01:40:08 | +06:56 | |
| 5 | 107 | Erwin van der Werve | 1974 | SKA | 00:48:38 (Hr 1) | 01:41:12 | +08:00 | |
| 6 | 109 | Guðmundur Rafn Kristjánsson | 1966 | SFÍ | 00:56:30 (Hr 1) | 02:00:28 | +27:16 | |
| 7 | 118 | Kári Páll Jónasson | 1963 | Völsungur | 00:58:17 (Hr 1) | 02:02:49 | +29:37 | |
| 8 | 106 | Egill Guðmundsson | 1953 | Ullur | 01:01:54 (Hr 1) | 02:06:27 | +33:15 | |
| 9 | 119 | Páll Már Pálsson | 1965 | Ullur | 00:59:30 (Hr 1) | 02:06:28 | +33:16 | |
| 10 | 105 | Birkir Þór Jónasson | 1969 | Ullur | 01:03:31 (Hr 1) | 02:09:32 | +36:20 | |
| 11 | 117 | Jón Jónsson | 1976 | 01:01:27 (Hr 1) | 02:11:03 | +37:51 | ||
| 12 | 132 | Magnús Baldur Kristjánsson | 1974 | SKÍS | 01:03:58 (Hr 1) | 02:12:08 | +38:56 | |
| 13 | 122 | Sveinbjörn Sigurðsson | 1965 | Ullur | 01:01:58 (Hr 1) | 02:12:49 | +39:37 | |
| 14 | 112 | Haddur Áslaugsson | 1975 | Þristur | 01:02:59 (Hr 1) | 02:13:49 | +40:37 | |
| 15 | 108 | Guðmundur Magni Bjarnason | 1984 | SKÍS | 01:14:49 (Hr 1) | 02:40:11 | +01:06:59 | |
| 16 | 104 | Aðalsteinn Þórhallsson | 1968 | Þristur | 01:16:36 (Hr 1) | 02:46:52 | +01:13:40 | |
| 17 | 116 | Jón Arnórsson | 1975 | 01:18:01 (Hr 1) | 02:50:33 | +01:17:21 |