| Rank | Bib | Name | Year | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|
| 1 | 107 | Viktor J. Vigfússon | 1967 | 01:51:46 | 01:51:42 | ||
| 2 | 22 | Rúnar Sigurðsson | 1964 | 01:54:37 | +02:51 | 01:54:30 | |
| 3 | 17 | Ragnar Hólm Gunnarsson | 1967 | 01:54:53 | +03:07 | 01:54:46 | |
| 4 | 135 | ivar adolfsson | 1962 | 01:56:53 | +05:07 | 01:56:48 | |
| 5 | 165 | Michael Bown | 1958 | 01:58:04 | +06:18 | 01:57:50 | |
| 6 | 21 | Karl Jón Hirst | 1959 | 01:58:27 | +06:41 | 01:58:18 | |
| 7 | 7 | Friðrik Ármann Guðmundsson | 1960 | 02:01:05 | +09:19 | 02:01:00 | |
| 8 | 45 | Guðmundur Ragnar Steingrímsson | 1966 | 02:02:28 | +10:42 | 02:02:17 | |
| 9 | 50 | Ingólfur Örn Arnarsson | 1962 | 02:03:42 | +11:56 | 02:03:37 | |
| 10 | 133 | Baldur Úlfar Haraldsson | 1965 | 02:04:06 | +12:20 | 02:04:02 | |
| 11 | 2 | Páll Már Pálsson | 1965 | 02:04:13 | +12:27 | 02:03:59 | |
| 12 | 38 | Kári Halldórsson | 1959 | 02:08:43 | +16:57 | 02:08:28 | |
| 13 | 33 | Þröstur K. Sveinbjörnsson | 1959 | 02:11:32 | +19:46 | 02:11:20 | |
| 14 | 29 | Vigfús Eyjólfsson | 1967 | 02:16:17 | +24:31 | 02:16:06 | |
| 15 | 104 | Svavar Kvaran | 1961 | 02:29:12 | +37:26 | 02:28:54 | |
| 16 | 37 | Guðmundur Birgir Heiðarson | 1966 | 02:51:54 | +01:00:08 | 02:51:29 |