| Rank | BIB | Name | Year | Club | Time | Chiptime | ||
|---|---|---|---|---|---|---|---|---|
| 1 | 1461 | Steinn Jóhannsson | 1968 | FH | 00:18:14 | 00:18:12 | 0 | |
| 2 | 1378 | Helgi Sigurðsson | 1961 | Hlaupahopur Sigga P | 00:19:20 | +01:06 | 00:19:18 | 0 |
| 3 | 1372 | Gunnar Viðar Gunnarsson | 1969 | Flandri | 00:19:25 | +01:11 | 00:19:23 | 0 |
| 4 | 1451 | Arnar Jónsson | 1965 | SR Þjálfun | 00:19:27 | +01:13 | 00:19:25 | 0 |
| 5 | 1483 | Ívar Trausti Jósafatsson | 1961 | Komaso | 00:19:39 | +01:25 | 00:19:37 | 0 |
| 6 | 1380 | Arnar Karlsson | 1969 | Hlaupahópur FH | 00:19:45 | +01:31 | 00:19:42 | 0 |
| 7 | 1350 | Baldur Gunnlaugsson | 1969 | Hlaupaform, NH | 00:19:45 | +01:31 | 00:19:42 | 0 |
| 8 | 1371 | Pétur Ingvarsson | 1969 | 00:20:39 | +02:25 | 00:20:25 | 0 | |
| 9 | 1415 | Jón Bjarni Magnússon | 1980 | 00:20:58 | +02:44 | 00:20:55 | 0 | |
| 10 | 1484 | Árni Birgisson | 1970 | 00:21:23 | +03:09 | 00:21:17 | 0 | |
| 11 | 1413 | Hrólfur Gestsson | 1969 | KR-skokk | 00:21:29 | +03:15 | 00:21:25 | 0 |
| 12 | 1422 | Dofri Þórðarson | 1965 | Árbæjarskokk | 00:22:10 | +03:56 | 00:22:01 | 0 |
| 13 | 1497 | Pétur Hrafn Sigurðsson | 1961 | Breiðablik | 00:22:52 | +04:38 | 00:22:43 | 0 |
| 14 | 1351 | Ingvar Júlíus Baldursson | 1961 | Hlaupahópur Víkings | 00:23:15 | +05:01 | 00:23:05 | 0 |
| 15 | 1376 | Grétar Þórisson | 1964 | Hlaupahópur Víkings | 00:23:23 | +05:09 | 00:23:16 | 0 |
| 16 | 1347 | Gunnar Viðar Bjarnason | 1961 | Víkingur | 00:23:23 | +05:09 | 00:23:17 | 0 |
| 17 | 1437 | Rúnar Sigurðsson | 1964 | Árbæjarskokk | 00:23:24 | +05:10 | 00:23:13 | 0 |
| 18 | 1409 | Lúðvík Elíasson | 1969 | 00:24:41 | +06:27 | 00:24:33 | 0 | |
| 19 | 1338 | Lárus Jónasson | 1968 | 00:24:43 | +06:29 | 00:24:33 | 0 | |
| 20 | 1431 | Yngvi Björnsson | 1964 | 00:24:48 | +06:34 | 00:24:35 | 0 | |
| 21 | 1468 | Sigurdur Helgason | 1964 | Ármann | 00:29:08 | +10:54 | 00:28:53 | 0 |