| Rank | Name | Title | Fed | FIDE | +/- | FEDA | Age | K | 1 | Karlsson, Bjorn-Ivar | FM |  | 2330 | 0 | 0 | 40 | 20 | 2 | Lagerman, Robert | FM | | 2304 | 0 | 0 | 63 | 20 | 3 | Thorgeirsson, Jon Kristinn | FM | | 2259 | 0 | 0 | 26 | 20 | 4 | Thorsteinsson, Arnar | CM | | 2199 | 0 | 0 | 58 | 20 | 5 | Thorsson, Olafur | | 2171 | 0 | 0 | 53 | 20 | 6 | Bjorgvinsson, Andri Freyr | | 2144 | 0 | 0 | 28 | 20 | 7 | Karason, Askell O | IM | | 2108 | 0 | 0 | 72 | 20 | 8 | Halldorsson, Halldor | CM | | 2099 | +9 | 0 | 41 | 20 | 9 | Bergsson, Stefan | | 2096.2 | -14.8 | 0 | 41 | 20 | 10 | Valgardsson, Gudjon Heidar | | 2003 | 0 | 0 | 40 | 20 | 11 | Gislason, Agust Orn | | 1921 | 0 | 0 | 49 | 40 | 12 | Gudjonsson, Sigurdur Pall | | 1886 | 0 | 0 | 63 | 40 | 13 | Kristjansson, Arni H | | 1881 | 0 | 0 | 64 | 20 | 14 | Ingvarsson, Kjartan | | 1874 | 0 | 0 | 59 | 20 | 15 | Thordarson, Sturla | | 1873 | 0 | 0 | 53 | 20 | 16 | Sigurdsson, Arnljotur | | 1852 | 0 | 0 | 38 | 20 | 17 | Fridthjofsson, Sigurjon Thor | | 1833 | 0 | 0 | 63 | 20 | 18 | Maggason, Oskar | | 1808 | 0 | 0 | 60 | 20 |
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