| Rank | Bib | Name | Year | Club | Chiptime | Time |
|---|---|---|---|---|---|---|
| 1 | 461 | Steinar Þorbjörnsson | 1977 | HFR | 02:49:31.0 | 02:49:33.4 |
| 2 | 459 | Stefán Haukur Erlingsson | 1976 | HFR | 02:49:32.3 | 02:49:33.5 |
| 3 | 435 | Ármann Gylfason | 1977 | HFR | 02:49:31.3 | 02:49:34.2 |
| 4 | 406 | Páll Elísson | 1968 | HFR | 02:49:32.6 | 02:49:34.6 |
| 5 | 442 | Elvar Örn Reynisson | 1976 | HFR | 02:49:31.4 | 02:49:35.3 |
| 6 | 401 | Ólafur Þór Magnússon | 1970 | Breiðablik | 02:53:26.4 | 02:53:33.7 |
| 7 | 407 | Atli Jakobsson | 1975 | HFR | 02:53:37.5 | 02:53:41.9 |
| 8 | 436 | Sigurdur Skarphedinsson | 1977 | HFR | 02:54:12.2 | 02:54:15.4 |
| 9 | 441 | Kristjan Jakobsson | 1977 | Tindur | 02:57:03.5 | 02:57:11.9 |
| 10 | 422 | Viðar Bragi Þorsteinsson | 1973 | Breiðablik | 02:57:11.8 | 02:57:13.7 |
| 11 | 423 | Guðmundur Jón Tómasson | 1969 | Ægir | 02:57:11.3 | 02:57:17.7 |
| 12 | 444 | Sveinn Ottó Sigurðsson | 1971 | HFR | 03:05:36.2 | 03:05:41.3 |
| 13 | 448 | Kjartan Þór Þorbjörnsson | 1975 | HFR | 03:07:44.9 | 03:07:53.4 |
| 14 | 426 | Birgir Fannar Birgisson | 1970 | Tindur | 03:28:03.0 | 03:28:12.3 |
| 15 | 419 | Garðar Smárason | 1968 | Ægir | 03:32:36.0 | 03:32:43.7 |
| 16 | 457 | Sigurður Karl Guðgeirsson | 1977 | Tindur | 03:52:16.8 | 03:52:25.7 |
| 17 | 409 | David James Robertson | 1973 | Tindur | 00:00:00 | |
| 18 | 455 | Thomas Skov Jensen | 1972 | Tindur | DQ | |
| 19 | 402 | Bjarni Már Gylfason | 1975 | HFR | DQ | |
| 20 | 433 | Hjalti Atlason | 1970 | Breiðablik | DNF | |
| 21 | 418 | Guðmundur B. Friðriksson | 1975 | HFR | DNF | |
| 22 | 431 | Rúnar pálmasson | 1973 | HFR | DNF |