| Rank | Bib | Name | Year | Club | Split time | Time |
|---|---|---|---|---|---|---|
| 1 | 107 | Ármann Gylfason | 1977 | HFR | 02:04:28.8 | |
| 2 | 125 | Steinar Þorbjörnsson | 1977 | HFR | 02:04:30.6 | |
| 3 | 83 | Guðmundur Jón Tómasson | 1969 | Ægir | 02:08:56.3 | |
| 4 | 88 | Aðalbjörn Þórólfsson | 1969 | Tindur | 02:08:58.9 | |
| 5 | 89 | Ingvar Júlíus Tryggvason | 1975 | Bjartur | 02:12:57.3 | |
| 6 | 99 | Pétur Árnason | 1971 | Hjólreiðafélag Akureyrar | 02:12:57.3 | |
| 7 | 110 | Lúðvík Örn Árnason | 1973 | Ægir | 02:12:58.4 | |
| 8 | 106 | Birgir Gunnarsson | 1971 | Tindur | 02:15:08.2 | |
| 9 | 55 | Jónas Stefánsson | 1976 | Bjartur | 02:15:54.0 | |
| 10 | 96 | Eyþór Viðarsson | 1971 | HFR | 02:17:40.8 | |
| 11 | 86 | Leifur Geir Hafsteinsson | 1970 | Bjartur | 02:17:40.9 | |
| 12 | 71 | Hjalti Jónsson | 1972 | Hjólreiðafélag Akureyrar | 02:21:47.3 | |
| 13 | 78 | Tómas Eiríksson | 1977 | Bjartur | 02:24:03.7 | |
| 14 | 100 | Jón Gunnar Kristinsson | 1974 | HFR | 02:28:05.6 |