| Rank | Bib | Name | Year | Club | Split time | Time |
|---|---|---|---|---|---|---|
| 1 | 60 | Kristjan Jakobsson | 1977 | Tindur | 01:54:37.8 | |
| 2 | 5 | Páll Elíssson | 1968 | Samhentir | 01:54:38.2 | |
| 3 | 40 | Helgi Hinriksson | 1972 | Bjartur | 01:58:05.5 | |
| 4 | 22 | Birgir Gunnarsson | 1971 | Team Sensa | 01:59:47.1 | |
| 5 | 37 | Runólfur Sveinbjörnsson | 1974 | Tindur | 02:04:02.2 | |
| 6 | 62 | Einar Gunnar Karlsson | 1976 | HFR, Team Húsasmiðjan | 02:05:47.4 | |
| 7 | 59 | Eiríkur Ingi Kristinsson | 1970 | HFR/Team Sensa | 02:05:47.7 | |
| 8 | 36 | Rúnar Bragason | 1972 | 02:07:52.1 | ||
| 9 | 18 | Birgir Hákon Valdimarsson | 1976 | Víkingur | 02:08:19.3 | |
| 10 | 29 | Guðmundur Ásgeirsson | 1968 | 02:08:20.8 | ||
| 11 | 56 | Gunnar Wedholm | 1975 | 02:08:31.5 | ||
| 12 | 8 | Guðfinnur Hilmarsson | 1976 | Víkingur | 02:09:23.8 | |
| 13 | 21 | Victor Þór Sigurðsson | 1969 | 02:09:31.7 | ||
| 14 | 52 | Sigurður Ólafsson | 1970 | 02:09:55.2 | ||
| 15 | 11 | Ragnar Ólafur Ragnarssom | 1968 | HFR | 02:10:31.5 | |
| 16 | 35 | Arnar Sigurbjörnsson | 1973 | Team Cintamani | 02:14:20.9 | |
| 17 | 6 | Óli Vilmundarson | 1973 | 02:17:52.2 | ||
| 18 | 65 | Eiríkur Ingi Jóhannsson | 1976 | Hfr | 02:18:49.7 | |
| 19 | 58 | Arngrímur Fannar Haraldsson | 1976 | 02:19:04.5 | ||
| 20 | 71 | Sigurður Sveinbjörn Gylfason | 1970 | Trampólíni Scania | 02:19:15.5 | |
| 21 | 31 | Daníel Guðbjartsson | 1973 | 02:23:10.3 | ||
| 22 | 10 | Anton Ingvason | 1977 | 3SH | 02:23:49.5 | |
| 23 | 34 | Guðbjartur Stefánsson | 1969 | Fimman/CFR | 02:28:21.1 | |
| 24 | 63 | Kristján Dan | 1974 | 02:29:04.7 | ||
| 25 | 53 | Gunnar Ingason | 1969 | Hlaupahópur Stjörnunnar | 02:29:11.4 | |
| 26 | 43 | Ragnar F. Valsson | 1971 | Víkingur | 02:53:30.6 | |
| 27 | 3 | Friðrik H Friðriksson | 1970 | 02:59:17.8 | ||
| 28 | 32 | Árni Þór Ómarsson | 1976 | 03:01:18.7 | ||
| 29 | 16 | Daníel Sveinsson | 1972 | Tindur | DNF | |
| 30 | 46 | Erla Björk Guðmundsdóttir | 1975 | Team Sensa | DNS |