| Rank | Name | Time | |
|---|---|---|---|
| 1 | Guðni Páll Pálsson | 3:11 /km | 4:56 |
| 2 | Kari Steinn Karlsson | 3:16 /km | 5:03 |
| 3 | Thorbergur Jónsson | 3:24 /km | 5:16 |
| 3 | Þorsteinn Roy Jóhannsson | 3:24 /km | 5:16 |
| 3 | Nils F | 3:24 /km | 5:16 |
| 6 | Reynir Bjarni Egilsson | 3:25 /km | 5:18 |
| 7 | Hlynur Gudmundsson | 3:27 /km | 5:20 |
| 8 | Birgir V | 3:32 /km | 5:28 |
| 9 | Egill Örn Gunnarsson | 3:33 /km | 5:29 |
| 10 | Snorri Björnsson | 3:33 /km | 5:30 |
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