| # | Bib | Name | Club | Age | Pace | Final | |
|---|---|---|---|---|---|---|---|
| 1 | Stefán Gíslason | Flandri | 60 | 04:11/km | 00:20:57 | 00:20:55 | |
| 2 | Þórhallur Jóhannesson | FH | 64 | 04:31/km | 00:22:33 | 00:22:28 | |
| 3 | Egill Guðmundsson | Hlaupahópur FH | 64 | 04:32/km | 00:22:41 | 00:22:38 | |
| 4 | Sigurður Ingvarsson | Hlaupasamtök Lýðveldisins | 61 | 04:38/km | 00:23:12 | 00:23:08 | |
| 5 | Sigurður Konráðsson | Hlaupahópur Sigga P. | 64 | 04:41/km | 00:23:25 | 00:23:20 | |
| 6 | Heimir Aðalsteinsson | Hlaupahópur F.H. | 63 | 05:49/km | 00:29:06 | 00:28:58 | |
| 7 | Árni Eggertsson | Hlaupahópur Stjörnunnar | 61 | 06:40/km | 00:33:23 | 00:33:08 | |
| 8 | Eysteinn Hafberg | Skokkhópur Hauka | 77 | 07:13/km | 00:36:05 | 00:35:53 |