| Rank | BIB | Name | Year | Club | Time | |||
|---|---|---|---|---|---|---|---|---|
| 1 | 1165 | Willy Blumenstein | 1974 | Fjallahlaupaþjálfun | 01:54:51 | |||
| 2 | 630 | Ármann Einar Lund | 1972 | 01:58:50 | +03:59 | |||
| 3 | 1088 | Atli Gunnarsson | 1969 | Hlaupahópur HK | 02:10:28 | +15:37 | ||
| 4 | 1167 | Ólafur Einarsson | 1971 | 02:14:47 | +19:56 | |||
| 5 | 1114 | Ólafur Sigmundsson | 1972 | 02:17:30 | +22:39 | |||
| 6 | 639 | Þröstur Már Pálmason | 1972 | Tröllin | 02:17:42 | +22:51 | ||
| 7 | 945 | Pétur Rúnar Grétarsson | 1972 | 02:18:17 | +23:26 | |||
| 8 | 1107 | Jón Bersi Ellingsen | 1971 | 02:19:51 | +25:00 | |||
| 9 | 1045 | Halldór Snorrason | 1969 | Árbæjarskokk | 02:21:01 | +26:10 | ||
| 10 | 1011 | Freyr Þórðarson | 1973 | 02:33:00 | +38:09 | |||
| 11 | 931 | Ari Bjarnason | 1965 | 02:37:43 | +42:52 | |||
| 12 | 1128 | Einar Eyjólfsson | 1969 | Víkingur | 02:40:35 | +45:44 | ||
| 13 | 1096 | Hallur Kristmundsson | 1973 | 02:46:52 | +52:01 | |||
| 14 | 632 | Vigfús Eyjólfsson | 1967 | Frískir Flóamenn | 02:50:56 | +56:05 | ||
| 15 | 930 | Runar Hallgrimsson | 1973 | 02:55:36 | +01:00:45 | |||
| 16 | 875 | Gylfi Birgir Sigurjónsson | 1966 | 02:59:05 | +01:04:14 | |||
| 17 | 1069 | Eyþór Ragnarsson | 1969 | Sportvörur | 02:59:35 | +01:04:44 | ||
| 18 | 1065 | Páll Már Pálsson | 1965 | Skokkhópur Hauka | 03:02:02 | +01:07:11 | ||
| 19 | 869 | Friðleifur Friðleifsson | 1970 | HHHC/FH | 03:27:17 | +01:32:26 | ||
| 20 | 1089 | Sigurður Freyr Sigurðarson | 1965 | UFA EYRARSKOKK | 03:46:41 | +01:51:50 |