| Rank | BIB | Name | Year | Club | Time | ||
|---|---|---|---|---|---|---|---|
| 1 | 159 | Sveinn Margeirsson | 1978 | Umf. Framför | 02:08:24 | ||
| 2 | 130 | Jón Jónsson | 1976 | 02:13:59 | +05:35 | ||
| 3 | 319 | Smári Björnsson | 1975 | Þríkó/Landkönnuðir | 02:29:29 | +21:05 | |
| 4 | 327 | Kjartan Long | 1972 | Landvættir | 02:37:36 | +29:12 | |
| 5 | 158 | Stefan Lambrechts | 1974 | 02:45:10 | +36:46 | ||
| 6 | 104 | Axel Ernir Viðarsson | 1979 | Ufa Eyrarskokk | 02:45:19 | +36:55 | |
| 7 | 131 | Kjartan Salómonsson | 1972 | Landvættir | 02:45:59 | +37:35 | |
| 8 | 108 | Egill Snær Þorsteinsson | 1974 | Landvættir Egils | 02:46:01 | +37:37 | |
| 9 | 147 | Ragnar Davíð Baldvinsson | 1975 | 02:46:49 | +38:25 | ||
| 10 | 120 | Gunnar Gunnarsson | 1974 | Landvættir | 02:49:22 | +40:58 | |
| 11 | 133 | Magnus Johansson | 1974 | 02:51:05 | +42:41 | ||
| 12 | 126 | Hákon Sverrisson | 1973 | Hlaupahópur Breiðabliks | 02:51:41 | +43:17 | |
| 13 | 149 | Reynir Stefán Gylfason | 1973 | Breiðablik | 02:53:20 | +44:56 | |
| 14 | 168 | Þorsteinn Már Þorsteinsson | 1979 | Landvættir | 02:53:22 | +44:58 | |
| 15 | 161 | Tjörvi Einarsson | 1978 | Landvættir | 02:55:10 | +46:46 | |
| 16 | 111 | Hjálmar Helgason | 1975 | Matarklúbburinn | 02:55:49 | +47:25 | |
| 17 | 326 | Róbert Marshall | 1971 | Landvættir | 02:55:50 | +47:26 | |
| 18 | 176 | Ingólfur Freyr Guðmundsson | 1973 | Landvættir Egils | 02:56:13 | +47:49 | |
| 19 | 170 | Þór Vilhelm Jónatansson | 1973 | 02:59:49 | +51:25 | ||
| 20 | 110 | Einar Freyr Pálsson | 1974 | Landvættir | 03:02:10 | +53:46 | |
| 21 | 162 | Tom Barry | 1972 | 03:02:26 | +54:02 | ||
| 22 | 155 | Snorri Pall Jonsson | 1978 | Landvættir | 03:07:31 | +59:07 | |
| 23 | 122 | Gunnar Torfason | 1973 | 03:09:15 | +01:00:51 | ||
| 24 | 128 | Hólmgeir Þorsteinsson | 1972 | Landvættir Egils | 03:09:39 | +01:01:15 | |
| 25 | 174 | Jóhannes þór Ævarsson | 1973 | Hlaupahópur FH | 03:10:55 | +01:02:31 | |
| 26 | 143 | Pétur Magnússon | 1971 | Landvættir | 03:12:36 | +01:04:12 | |
| 27 | 119 | Guðni Páll Nielsen | 1975 | Landvættir | 03:13:30 | +01:05:06 | |
| 28 | 175 | Hjörtur Gunnlaugsson | 1975 | Landvættir | 03:22:00 | +01:13:36 | |
| 29 | 163 | Torfi Johannsson | 1977 | Landvættir | 03:25:46 | +01:17:22 | |
| 30 | 138 | Ólafur Rúnar Ólafsson | 1975 | Landvættir Egils | 03:26:22 | +01:17:58 | |
| 31 | 165 | Viðar Þórðarson | 1972 | Landvættir | 03:43:12 | +01:34:48 | |
| 32 | 320 | Þórbergur Guðjónsson | 1980 | Hofmóður | 03:50:43 | +01:42:19 | |
| 33 | 229 | Kristen Martel | 1976 | 03:55:22 | +01:46:58 | ||
| 34 | 113 | Eiríkur Jóhannsson | 1979 | 04:06:04 | +01:57:40 | ||
| 35 | 102 | Andrés Ögmundsson | 1974 | Landvættir | 04:23:14 | +02:14:50 |