| Rank | BIB | Name | Year | Club | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | Víðir Þór Magnússon | 1964 | Hlaupahópur FH | 00:18:55 | 00:18:53 | ||
| 2 | Helgi Sigurðsson | 1961 | 00:19:21 | +00:26 | 00:19:17 | ||
| 3 | Magnús Harðarson | 1966 | 00:19:26 | +00:31 | 00:19:23 | ||
| 4 | Arnar Karlsson | 1969 | Hlaupahópur FH | 00:19:56 | +01:01 | 00:19:53 | |
| 5 | Gudmundur Gudjon Thorleifsson | 1969 | FH | 00:20:06 | +01:11 | 00:20:03 | |
| 6 | Gunnar Viðar Gunnarsson | 1969 | Flandri | 00:20:18 | +01:23 | 00:20:14 | |
| 7 | Friðrik Ó. Friðriksson | 1969 | Víkingur Rvk | 00:20:25 | +01:30 | 00:20:21 | |
| 8 | Friðrik Ármann Guðmundsson | 1960 | Hlaupasamtök Lýðveldisins | 00:20:48 | +01:53 | 00:20:43 | |
| 9 | Guðgeir Magnússon | 1964 | Skokkhópur Álftaness | 00:21:29 | +02:34 | 00:21:23 | |
| 10 | Friðjón Ásgeir Daníelsson | 1967 | Hlaupahópur Ármanns | 00:21:36 | +02:41 | 00:21:28 | |
| 11 | Halldór Brynjólfur Daðason | 1967 | UMFB | 00:22:03 | +03:08 | 00:21:59 | |
| 12 | Helgi Harðarson | 1961 | Hlaupahópur FH | 00:22:09 | +03:14 | 00:22:01 | |
| 13 | Rúnar Andrew Jónsson | 1967 | 00:22:41 | +03:46 | 00:22:28 | ||
| 14 | Guðmundur Kristinsson | 1965 | Laugaskokk | 00:23:14 | +04:19 | 00:22:56 | |
| 15 | Björn Valdimar Guðmundsson | 1966 | ÍR skokk | 00:23:45 | +04:50 | 00:23:34 | |
| 16 | Pétur Örn Sigurðsson | 1967 | Laugaskokk | 00:23:49 | +04:54 | 00:23:38 | |
| 17 | Helgi Kárason | 1968 | ÍR skokk | 00:23:56 | +05:01 | 00:23:36 | |
| 18 | Bjarki Andrew Brynjarsson | 1966 | 00:24:21 | +05:26 | 00:24:10 | ||
| 19 | Grétar Þórisson | 1964 | Hlaupahópur Víkings | 00:24:42 | +05:47 | 00:24:34 | |
| 20 | Lúðvík Elíasson | 1969 | 00:24:57 | +06:02 | 00:24:46 | ||
| 21 | Ingólfur Ö Arnarson | 1963 | Víkingur | 00:25:06 | +06:11 | 00:24:50 | |
| 22 | Hringur Baldvinsson | 1966 | 00:25:21 | +06:26 | 00:25:07 | ||
| 23 | Hafsteinn Viktorsson | 1965 | 00:25:57 | +07:02 | 00:25:45 | ||
| 24 | Sigurður Freyr Sigurðarson | 1965 | UFA Eyrarskokk | 00:26:28 | +07:33 | 00:26:03 | |
| 25 | Kristinn Jóhann Ólafsson | 1969 | Hlaupahópur Breiðabliks | 00:26:36 | +07:41 | 00:26:15 | |
| 26 | Kristján Gunnarsson | 1964 | 00:26:54 | +07:59 | 00:26:32 | ||
| 27 | Felix Sigurðsson | 1963 | ÍR skokk | 00:29:18 | +10:23 | 00:28:59 | |
| 28 | Friðrik Pétursson | 1966 | Ármann | 00:30:12 | +11:17 | 00:29:49 | |
| 29 | Þórarinn S Gestsson | 1960 | 00:30:42 | +11:47 | 00:30:11 | ||
| 30 | Bergþór Böðvarsson | 1967 | BARinn | 00:30:49 | +11:54 | 00:30:12 | |
| 31 | Sigurjón Ingvason | 1964 | Hlaupahópur Ármanns | 00:31:42 | +12:47 | 00:31:18 | |
| 32 | Jón Óskarsson | 1962 | 00:33:51 | +14:56 | 00:33:18 |