| Rank | BIB | Name | Year | Club | Time | |||
|---|---|---|---|---|---|---|---|---|
| 1 | 440 | Baldur Gunnlaugsson | 1969 | Hlaupaform | 00:18:44 | |||
| 2 | 464 | Bjarni Ármannsson | 1968 | HHHC | 00:19:00 | +00:16 | ||
| 3 | 468 | Óskar Jakobsson | 1971 | 00:19:15 | +00:31 | |||
| 4 | 457 | Arnar Jónsson | 1965 | SR Þjálfun | 00:20:13 | +01:29 | ||
| 5 | 476 | Rúnar Sigurðsson | 1964 | Árbæjarskokk | 00:20:28 | +01:44 | ||
| 6 | 463 | Magnús Bjarklind | 1969 | Víkingur | 00:20:54 | +02:10 | ||
| 7 | 443 | Hrólfur Gestsson | 1969 | KR-Skokk | 00:21:22 | +02:38 | ||
| 8 | 472 | Sigtryggur Brynjarsson | 1972 | Skokkhópur Hauka | 00:21:29 | +02:45 | ||
| 9 | 3289 | Birkir Marteinsson | 1971 | Team Kanilsnúðar | 00:23:08 | +04:24 | ||
| 10 | 475 | Þorsteinn Andrésson | 1968 | 00:23:18 | +04:34 | |||
| 11 | 112 | Ari Vésteinsson | 1972 | Laugaskokk | 00:24:37 | +05:53 | ||
| 12 | 3298 | Hallmundur Hallgrímsson | 1963 | 00:29:40 | +10:56 | |||
| 13 | 448 | Friðleifur Kristjánsson | 1963 | 00:30:05 | +11:21 | |||
| 14 | 479 | Gunnar Þorri | 1968 | 00:30:44 | +12:00 | |||
| 15 | 455 | Benedikt G Waage | 1972 | Dansklúbbur Gunnlaugs | 00:31:48 | +13:04 |