| Rank | Bib | Name | Year | Club | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|
| 1 | 67 | Magnús Eiríksson | 1951 | 00:32:46 (1 hringur) 00:34:29 (2 hringur) | 01:07:14 | 01:07:12 | ||
| 2 | 16 | Þórhallur J Ásmundsson | 1953 | 00:35:27 (1 hringur) 00:39:05 (2 hringur) | 01:14:31 | +07:17 | 01:14:28 | |
| 3 | 71 | Magnús Steingrímsson | 1955 | 00:45:04 (1 hringur) 00:48:04 (2 hringur) | 01:33:08 | +25:54 | 01:32:58 | |
| 4 | 109 | Konráð Stefán Gunnarsson | 1956 | 00:45:06 (1 hringur) 00:50:31 (2 hringur) | 01:35:36 | +28:22 | 01:35:17 | |
| 5 | 11 | Valtýr Sigurðssson | 1945 | 00:51:26 (1 hringur) 00:54:09 (2 hringur) | 01:45:35 | +38:21 | 01:45:23 | |
| 6 | 110 | Frímann Guðmundsson | 1950 | 00:53:38 (1 hringur) 01:00:39 (2 hringur) | 01:54:16 | +47:02 | 01:53:48 | |
| 7 | 91 | Trausti | 1943 | DNF |