| Riðill | Braut | Rásnr. | Nafn | Félag | F.ár | SB | PB |
| 1 | 1 | 501 | Alexander Steingrímsson | FH | 1998 | | |
| 1 | 2 | 502 | Arnaldur Þór Guðmundsson | FH | 1998 | | |
| 1 | 3 | 503 | Arnar Ingi Gunnarsson | AFTURE | 1998 | | |
| 1 | 4 | 504 | Arnór Breki Ásþórsson | AFTURE | 1998 | | |
| 1 | 5 | 505 | Birkir Mar Hjaltested | Á | 1998 | | |
| 1 | 6 | 506 | Bjarki Jóhannsson | UMSE | 1998 | | |
| 1 | 7 | 507 | Bjarki Steinn Þórisson | FH | 1998 | | |
| | | | | | | |
| 2 | 1 | 509 | Dagur Andri Einarsson | FH | 1998 | | |
| 2 | 2 | 510 | Daníel Orrason | ÍR | 1998 | | |
| 2 | 3 | 511 | Daníel Orri Brynjarsson | ÞÓR | 1998 | | |
| 2 | 4 | 515 | Elías Björn Björnsson | HSH | 1998 | | |
| 2 | 5 | 517 | Guðmundur Smári Daníelsson | UMSE | 1998 | | |
| 2 | 6 | 519 | Gunnar Ingi Ófeigsson | Á | 1998 | | |
| 2 | 7 | 520 | Hafsteinn Aron Ævarsson | ÍR | 1998 | | |
| 2 | 8 | 521 | Halldór Gauti Sævarsson | FJÖLNIR | 1998 | | |
| | | | | | | |
| 3 | 1 | 522 | Hróbjartur Höskuldsson | ÍR | 1998 | | |
| 3 | 2 | 523 | Ingi Ásmundsson | ÍR | 1998 | | |
| 3 | 3 | 524 | Ísak Karel Viðarsson | Á | 1998 | | |
| 3 | 4 | 525 | Jón Óskar Arason | FH | 1998 | | |
| 3 | 5 | 527 | Karl Vernharð Þorleifsson | UMSE | 1998 | | |
| 3 | 6 | 529 | Kári Þorkelsson | AFTURE | 1998 | | |
| 3 | 7 | 530 | Kristján Júníus Friðriksson | USÚ | 1998 | | |
| 3 | 8 | 531 | Kristófer Darri Baldursson | FJÖLNIR | 1998 | | |
| | | | | | | |
| 4 | 1 | 532 | Magnús Þór Magnússon | ÍR | 1998 | | |
| 4 | 2 | 533 | Máni Ingason | FH | 1998 | | |
| 4 | 3 | 534 | Ragnar Ágúst Bergmann Sveinsson | UMSE | 1998 | | |
| 4 | 4 | 535 | Sigurjón Már Markússon | FJÖLNIR | 1998 | | |
| 4 | 5 | 537 | Teitur Örn Einarsson | SELFOSS | 1998 | 2:47,79ú | 2:47,79ú |
| 4 | 6 | 538 | Þorsteinn Muni Jakobsson | UMSS | 1998 | | |
| 4 | 7 | 540 | Valdimar Ingi Jónsson | FJÖLNIR | 1998 | | |
| 4 | 8 | 541 | Victor Hjörvarsson | ÍR | 1998 | | |