| Rank | Bib | Name | Year | Club | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|
| 1 | 107 | Ragnar Kristinn Bragason | 1974 | 00:30:49 (1 hringur) 00:35:13 (2 hringur) | 01:06:02 | 01:05:59 | ||
| 2 | 134 | Helgi Reynir Árnason | 1979 | 00:32:19 (1 hringur) 00:36:32 (2 hringur) | 01:08:51 | +02:49 | 01:08:47 | |
| 3 | 111 | Egill Ólafsson | 1978 | 00:35:18 (1 hringur) 00:38:16 (2 hringur) | 01:13:34 | +07:32 | 01:13:26 | |
| 4 | 86 | Ásgeir Thoroddsen | 1971 | 00:35:28 (1 hringur) 00:42:13 (2 hringur) | 01:17:41 | +11:39 | 01:17:34 | |
| 5 | 66 | Kjartan Long | 1972 | 00:37:36 (1 hringur) 00:43:02 (2 hringur) | 01:20:37 | +14:35 | 01:20:32 | |
| 6 | 117 | Ólafur Már Björnsson | 1969 | 00:39:17 (1 hringur) 00:46:27 (2 hringur) | 01:25:44 | +19:42 | 01:25:36 | |
| 7 | 102 | Jón Gauti Jónsson | 1969 | 00:40:48 (1 hringur) 00:45:39 (2 hringur) | 01:26:27 | +20:25 | 01:26:01 | |
| 8 | 113 | Róbert Marshall | 1971 | 00:40:15 (1 hringur) 00:47:39 (2 hringur) | 01:27:53 | +21:51 | 01:27:47 | |
| 9 | 126 | Kjartan Helgason | 1979 | 00:42:20 (1 hringur) 00:46:47 (2 hringur) | 01:29:07 | +23:05 | 01:28:49 | |
| 10 | 30 | Sigurbjörn Einarsson | 1971 | 00:46:09 (1 hringur) 00:51:45 (2 hringur) | 01:37:53 | +31:51 | 01:37:32 | |
| 11 | 61 | Julius Geir Gunnlaugsson | 1969 | 00:47:58 (1 hringur) 00:53:58 (2 hringur) | 01:41:55 | +35:53 | 01:41:23 | |
| 12 | 152 | Þórsteinn Ágústsson | 1974 | 00:48:25 (1 hringur) 00:54:55 (2 hringur) | 01:43:19 | +37:17 | 01:42:53 | |
| 13 | 10 | Valdimar Halldórsson | 1973 | 00:48:57 (1 hringur) 00:54:31 (2 hringur) | 01:43:28 | +37:26 | 01:43:01 | |
| 14 | 22 | Róbert Beck | 1977 | 00:51:19 (1 hringur) 00:55:17 (2 hringur) | 01:46:35 | +40:33 | 01:45:56 | |
| 15 | 166 | Hörður Elís Finnbogason | 1979 | 00:53:04 (1 hringur) 00:55:03 (2 hringur) | 01:48:07 | +42:05 | 01:47:43 | |
| 16 | 115 | Brynjar Gunnlaugsson | 1972 | 00:52:25 (1 hringur) 01:00:46 (2 hringur) | 01:53:11 | +47:09 | 01:52:37 | |
| 17 | 96 | Einar Örn Hreinsson | 1973 | 00:54:23 (1 hringur) 00:58:49 (2 hringur) | 01:53:11 | +47:09 | 01:52:33 | |
| 18 | 139 | Hans Þórðarson | 1971 | 00:55:34 (1 hringur) 01:04:38 (2 hringur) | 02:00:12 | +54:10 | 01:59:53 | |
| 19 | 38 | Skúli Magnús Júlíussson | 1974 | 00:58:59 (1 hringur) 01:05:29 (2 hringur) | 02:04:28 | +58:26 | 02:03:51 |