| # | Bib | Name | Club | Age | Pace | Final | |
|---|---|---|---|---|---|---|---|
| 1 | 21 | Einar Örn Hreinsson | 42 | 06:04/km | 00:30:22 | 00:29:19 | |
| 2 | 17 | Viðar Pétursson | 58 | 06:05/km | 00:30:23 | 00:29:30 | |
| 3 | 135 | Rúnar Páll Björnsson | 60 | 06:15/km | 00:31:17 | 00:30:38 | |
| 4 | 113 | Ívar Jónsson | 56 | 06:27/km | 00:32:16 | 00:31:21 | |
| 5 | 94 | Stefán G. Aðalsteinsson | 62 | 06:50/km | 00:34:09 | 00:33:34 | |
| 6 | 134 | Axel Jónsson | 46 | 07:00/km | 00:35:03 | 00:34:22 | |
| 7 | 61 | Grétar Júlíus Þorsteinsson | 16 | 07:03/km | 00:35:17 | 00:34:06 | |
| 8 | 92 | Sigurður Magnússon | 53 | 07:05/km | 00:35:23 | 00:34:44 | |
| 9 | 13 | Bjarni Theodór Bjarnason | 51 | 07:23/km | 00:36:55 | 00:36:19 | |
| 10 | 52 | Þórgnýr Jónsson | 19 | 07:27/km | 00:37:16 | 00:36:41 | |
| 11 | 6 | Heimir Sigurbjörnsson | 16 | 07:52/km | 00:39:20 | 00:38:42 | |
| 12 | 45 | Ólafur Stefánsson | 31 | 07:54/km | 00:39:29 | 00:38:49 | |
| 13 | 58 | Jón Eðvald Friðriksson | 61 | 08:13/km | 00:41:06 | 00:39:54 | |
| 14 | 9 | Jón Sigmundsson | 54 | 08:18/km | 00:41:32 | 00:40:34 | |
| 15 | 76 | Sveinn Sveinsson | 79 | 09:20/km | 00:46:40 | 00:45:46 | |
| 16 | 57 | Guðmundur Finnbogason | 34 | 11:22/km | 00:56:49 | 00:55:40 |