| Rank | Bib | Name | Year | Club | Split time | Time |
|---|---|---|---|---|---|---|
| 1 | 5 | Steinar Þorbjörnsson | 1977 | HFR | 01:42:53 01:45:51 | 03:28:42.9 |
| 2 | 59 | Ármann Gylfason | 1977 | HFR | 01:50:32 01:52:32 | 03:43:02.6 |
| 3 | 11 | Gunnar Wedholm Helgason | 1975 | Tindur | 01:48:00 01:59:01 | 03:47:00.2 |
| 4 | 51 | Birgir Gunnarsson | 1971 | Tindur | 01:48:01 01:59:08 | 03:47:07.1 |
| 5 | 1 | Kjartan Þór Þorbjörnsson | 1975 | HFR | DNF | |
| 6 | 4 | Sigurður Skarphéðinsson | 1977 | HFR | DNF | |
| 7 | 3 | Kolbeinn Árnason | 1971 | Tindur | DNF | |
| 8 | 2 | Hjalti Atlason | 1970 | Breiðablik | DNF | |
| 9 | 54 | Birgir Fannar Birgisson | 1970 | Tindur | DNF |