| Rank | Bib | Name | Year | Club | Chiptime | Time |
|---|---|---|---|---|---|---|
| 1 | 152 | Ingvi Júlíus Ingvason | 1962 | Breiðablik | 01:44:37.1 | 01:44:42.6 |
| 2 | 133 | Orri Einarsson | 1959 | Hjólreiðafélag Akureyrar | 01:44:38.4 | 01:44:45.2 |
| 3 | 119 | Gunnlaugur Þráinsson | 1960 | Víkingur | 01:45:13.9 | 01:45:21.5 |
| 4 | 49 | Reynir Magnússon | 1963 | HFR | 01:45:32.2 | 01:45:34.9 |
| 5 | 156 | Halldór Jónasson | 1965 | Utan félags | 01:45:52.0 | 01:46:01.6 |
| 6 | 56 | Sigurður Sigurðsson | 1964 | Utan félags | 01:47:47.0 | 01:47:50.1 |
| 7 | 52 | Arnar Guðnason | 1966 | Utan félags | 01:49:56.4 | 01:50:07.9 |
| 8 | 90 | Örn Hrafnkelsson | 1967 | Bjartur | 01:51:17.7 | 01:51:21.7 |
| 9 | 127 | Hannes A. Hannesson | 1963 | Víkingur | 01:51:46.1 | 01:51:56.1 |
| 10 | 132 | Hartmann Kristinn Guðmundsson | 1958 | Víkingur | 01:51:46.7 | 01:51:56.1 |
| 11 | 128 | Þórhallur Vigfússon | 1966 | Víkingur | 01:55:41.9 | 01:55:51.0 |
| 12 | 129 | G. Herbert Bjarnason | 1963 | 3SH | 01:56:13.0 | 01:56:28.2 |
| 13 | 95 | Róbert Lee Tómasson | 1961 | Tindur | 01:55:22.2 | 01:57:41.7 |
| 14 | 158 | Finnur Sveinsson | 1966 | Bjartur | 02:00:45.7 | 02:01:01.1 |
| 15 | 138 | Óskar Gunnarsson | 1966 | Utan félags | 02:02:41.9 | 02:02:54.2 |
| 16 | 62 | Loftur Ólafsson | 1963 | Utan félags | 02:02:44.7 | 02:02:58.1 |
| 17 | 162 | Ragnar Sverrisson | 1959 | Utan félags | 02:02:46.5 | 02:02:58.2 |
| 18 | 75 | Rúnar Kristinsson | 1967 | Utan félags | 02:02:54.5 | 02:03:07.9 |
| 19 | 124 | Einar Guttormsson | 1964 | Víkingur | 02:07:53.2 | 02:08:03.3 |
| 20 | 101 | Jón Guðmundur Jónsson | 1964 | Utan félags | 02:07:49.5 | 02:08:03.9 |
| 21 | 151 | Magnús Ragnarsson | 1963 | Utan félags | 02:07:47.3 | 02:08:04.4 |
| 22 | 59 | Steinar Þór Ólafsson | 1960 | Víkingur | 02:07:58.7 | 02:08:09.4 |
| 23 | 89 | Guðmundur H. S. Guðmundsson | 1961 | Víkingur | 02:08:15.7 | 02:08:25.8 |
| 24 | 92 | Gunnar Þórarinsson | 1958 | Víkingur | 02:08:15.9 | 02:08:25.8 |
| 25 | 54 | Hafsteinn Gunnar Jónsson | 1967 | Utan félags | 02:16:10.2 | 02:16:22.7 |
| 26 | 149 | Ingvar Guðmundsson | 1965 | Utan félags | 02:38:58.7 | 02:39:27.4 |
| 27 | 108 | Arnar Már Ólafsson | 1966 | Utan félags | DNF |