| Rank | Bib | Name | Year | Club | Country | Split | Time | Chiptime | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 33 | Jón Ólafsson | 1953 | Grábræður | ISL | 00:35:02 | 00:34:56 | ||
| 2 | 95 | Skúli Gunnarsson | 1958 | Grábræður | ISL | 00:36:28 | +01:26 | 00:36:22 | |
| 3 | 374 | Þorvaldur Kristjánsson | 1949 | Laugaskokk | ISL | 00:37:25 | +02:23 | 00:37:06 | |
| 4 | 131 | Jóngeir Þórisson | 1957 | Víkingur | ISL | 00:38:01 | +02:59 | 00:37:45 | |
| 5 | 67 | Flosi Kristjánsson | 1951 | Hlaupasamtök Lýðveldisins | ISL | 00:38:56 | +03:54 | 00:38:42 | |
| 6 | 125 | Halldór Ólafur Sigurðsson | 1953 | Víkingur | ISL | 00:40:12 | +05:10 | 00:39:56 | |
| 7 | 314 | Sigurður Ingvarsson | 1956 | Hlaupasamtök Lýðveldisins | ISL | 00:40:14 | +05:12 | 00:40:05 | |
| 8 | 146 | Kristján Viggósson | 1956 | Hlaupahópur Víkings | ISL | 00:40:14 | +05:12 | 00:39:57 | |
| 9 | 50 | Ottó Ólafsson | 1950 | AGGF | ISL | 00:42:29 | +07:27 | 00:42:25 | |
| 10 | 185 | Davíð Þór Björgvinsson | 1956 | ISL | 00:43:34 | +08:32 | 00:43:15 | ||
| 11 | 78 | STEFÁN JÓHANN STEFÁNSSON | 1957 | ISL | 00:46:40 | +11:38 | 00:46:30 | ||
| 12 | 65 | Valdemar Gísli Valdemarsson | 1958 | ISL | 00:48:11 | +13:09 | 00:47:43 |