| Rank | Bib | Name | Year | Club | Chiptime | Time |
|---|---|---|---|---|---|---|
| 1 | 233 | Þorvaldur Daníelsson | 1970 | Víkingur | 00:53:17.1 | 00:53:18.5 |
| 2 | 330 | Grímur Sigurðsson | 1977 | Utan félags | 00:53:26.6 | 00:53:30.8 |
| 3 | 316 | Páll kristinsson | 1976 | Utan félags | 00:54:19.2 | 00:54:24.9 |
| 4 | 269 | Pétur Þór Hall | 1968 | HFR | 00:54:49.6 | 00:54:51.5 |
| 5 | 317 | Albert Óskarsson | 1968 | Bjartur | 00:55:23.6 | 00:55:31.0 |
| 6 | 201 | Baldur Sæmundsson | 1973 | 3N | 00:55:14.9 | 00:55:34.7 |
| 7 | 260 | Margeir Sæbjörnsson | 1975 | Bjartur | 00:55:25.9 | 00:55:45.8 |
| 8 | 221 | Óli Kristinn Vilmundarson | 1973 | Utan félags | 00:55:42.7 | 00:55:47.5 |
| 9 | 216 | Björgvin Pálsson | 1974 | Víkingur | 00:55:50.8 | 00:55:53.6 |
| 10 | 230 | Kristján Helgason | 1976 | Utan félags | 00:56:06.7 | 00:56:13.5 |
| 11 | 264 | Ólafur Einarsson | 1971 | Utan félags | 00:56:18.5 | 00:56:24.8 |
| 12 | 245 | Hjalti Þór Þórsson | 1976 | Utan félags | 00:56:19.7 | 00:56:28.5 |
| 13 | 207 | Júlíus Örn Ásbjörnsson | 1977 | Utan félags | 00:58:20.4 | 00:58:24.4 |
| 14 | 247 | Ingvar Þór Stefánsson | 1973 | Utan félags | 00:58:47.6 | 00:59:22.8 |
| 15 | 210 | Stefán Pálsson | 1968 | Utan félags | 00:59:52.4 | 01:00:18.4 |
| 16 | 306 | Andri Dan Robertsson | 1971 | Utan félags | 01:00:32.5 | 01:00:46.0 |
| 17 | 332 | Pálmi Vilhjálmsson | 1975 | Utan félags | 01:00:28.9 | 01:00:46.5 |
| 18 | 329 | Benedikt Magnusson | 1971 | Utan félags | 01:00:53.1 | 01:01:14.8 |
| 19 | 272 | Kristján Þór Jónsson | 1969 | Utan félags | 01:01:02.2 | 01:01:20.5 |
| 20 | 212 | Ólafur J Stefánsson | 1970 | Utan félags (Hjólakraftur) | 01:01:02.2 | 01:01:37.7 |
| 21 | 342 | Jóhann Friðriksson | 1977 | Utan félags | 01:01:41.6 | 01:01:54.9 |
| 22 | 252 | Árni Þór Ómarsson | 1976 | Utan félags | 01:03:04.2 | 01:03:25.5 |
| 23 | 301 | Hlynur Geir Ásgeirsson | 1974 | Utan félags | 01:03:27.6 | 01:04:01.4 |
| 24 | 208 | Ragnar F. Valsson | 1971 | Víkingur | 01:07:42.9 | 01:07:48.8 |
| 25 | 334 | Jóhann Þór Sveinsson | 1972 | HFR | 01:15:07.1 | 01:15:27.9 |
| 26 | 297 | Björn Jónsson | 1968 | Utan félags | 01:15:32.6 | 01:15:56.2 |
| 27 | 242 | Haukur Arnórsson | 1971 | Utan félags (Hjólakraftur) | 01:20:27.0 | 01:20:50.6 |
| 28 | 343 | Grétar Már Baldvinsson | 1973 | Utan félags (Hjólakraftur) | 01:24:04.9 | 01:24:31.1 |
| 29 | 268 | Þorkell Guðjónsson | 1973 | Utan félags | 01:25:38.3 | 01:26:07.6 |