| Rank | Bib | Name | Year | Club | Split time | Time |
|---|---|---|---|---|---|---|
| 1 | 63 | Erla Sigurlaug Sigurðardóttir | 1976 | Tindur | 00:43:01 02:09:45 | 02:52:44.8 |
| 2 | 45 | Ása Guðný Ásgeirsdóttir | 1977 | HFR | 00:43:02 02:11:52 | 02:54:52.1 |
| 3 | 48 | Ágústa Edda Björnsdóttir | 1977 | Tindur | 00:43:01 02:11:52 | 02:54:52.3 |
| 4 | 43 | Kolbrún Dröfn Ragnarsdóttir | 1975 | HFR | 00:43:02 02:11:54 | 02:54:54.5 |
| 5 | 40 | Rannveig Anna Guicharnaud | 1972 | Breiðablik | 00:44:22 02:22:28 | 03:06:48.5 |
| 6 | 41 | Inga María Ottósdóttir | 1983 | Víkingur | 00:44:21 02:22:35 | 03:06:55.7 |
| 7 | 47 | Magnea Guðrún Karlsdóttir | 1978 | Bjartur | 00:44:22 02:25:14 | 03:09:34.7 |
| 8 | 44 | Anna Kristín Sigurpálsdóttir | 1978 | HFR | 00:44:22 02:25:14 | 03:09:34.9 |
| 9 | 49 | Telma Matthíasdóttir | 1976 | 3SH | 00:48:37 02:34:42 | 03:23:18.3 |
| 10 | 38 | Evgenia Ilyinskaya | 1983 | Tindur | 00:47:47 02:46:15 | 03:34:00.5 |