| # | Bib | Name | Club | Age | Pace | Final | |
|---|---|---|---|---|---|---|---|
| 1 | 36 | Rúnar Jónsson | 59 | 04:24/km | 00:43:59 | 00:43:48 | |
| 2 | 25 | Sigurður Steingrímsson | 64 | 04:38/km | 00:46:16 | 00:46:11 | |
| 3 | 47 | Bjórn Þór Ólafsson | 74 | 04:46/km | 00:47:44 | 00:47:32 | |
| 4 | 137 | Þorgils Magnússon | 29 | 04:55/km | 00:49:11 | 00:48:55 | |
| 5 | 51 | Jón Elvar Númason | 42 | 04:57/km | 00:49:34 | 00:49:20 | |
| 6 | 85 | Valtýr Sigurðsson | 70 | 04:59/km | 00:49:46 | 00:49:35 | |
| 7 | 88 | Skarphéðinn Jónsson | 16 | 05:01/km | 00:50:13 | 00:50:01 | |
| 8 | 26 | Jón Ingi Björnsson | 30 | 05:02/km | 00:50:24 | 00:50:05 | |
| 9 | 105 | Erlingur Jónasson | 47 | 05:07/km | 00:51:10 | 00:51:06 | |
| 10 | 99 | Björn Jakob Magnússon | 28 | 05:14/km | 00:52:18 | 00:52:00 | |
| 11 | 63 | Eyþór Trausti Bjarnason | 18 | 05:50/km | 00:58:17 | 00:58:07 | |
| 12 | 59 | Trausti Sveinsson | 72 | 05:50/km | 00:58:23 | 00:55:49 | |
| 13 | 100 | Kristinn Jóhannes Magnússon | 31 | 05:58/km | 00:59:42 | 00:59:22 | |
| 14 | 142 | Tryggvi Már Ingvarsson | 38 | 05:59/km | 00:59:49 | 00:58:41 | |
| 15 | 41 | Birgir Örn Smárason | 31 | 06:04/km | 01:00:42 | 01:00:28 | |
| 16 | 69 | Aron Guðnason | 31 | 06:17/km | 01:02:46 | 01:02:27 | |
| 17 | 64 | Thrond Olssen | 57 | 06:18/km | 01:03:02 | 01:02:53 | |
| 18 | 116 | Óskar Svavarsson | 43 | 06:22/km | 01:03:36 | 01:03:29 | |
| 19 | 147 | Ingvar Auðunn Guðnason | 68 | 08:06/km | 01:21:01 | 01:20:43 |