Standings after 5 rounds
| Rk. | SNo | Name | FED | Rtg | Pts. | TB1 | TB2 | TB3 | |
| 1 | 11 | GM | Stefansson Hannes | ISL | 2590 | 3.5 | 8.50 | 0.0 | 3 |
| 2 | 8 | GM | Gretarsson Hjorvar Steinn | ISL | 2561 | 3.5 | 8.25 | 0.0 | 3 |
| 3 | 4 | GM | Steingrimsson Hedinn | ISL | 2532 | 3.5 | 6.75 | 0.0 | 3 |
| 4 | 6 | GM | Hjartarson Johann | ISL | 2566 | 3.0 | 7.50 | 0.0 | 3 |
| 5 | 12 | IM | Kjartansson Gudmundur | ISL | 2474 | 2.5 | 5.50 | 0.0 | 0 |
| 6 | 1 | GM | Danielsen Henrik | ISL | 2520 | 2.5 | 5.25 | 0.0 | 1 |
| 7 | 10 | IM | Thorfinnsson Bjorn | ISL | 2407 | 2.5 | 4.75 | 0.5 | 2 |
| 8 | 3 | GM | Arnason Jon L | ISL | 2499 | 2.5 | 4.75 | 0.5 | 1 |
| 9 | 5 | FM | Jensson Einar Hjalti | ISL | 2359 | 2.0 | 4.50 | 1.0 | 2 |
| 10 | 9 | IM | Thorfinnsson Bragi | ISL | 2416 | 2.0 | 4.50 | 0.0 | 2 |
| 11 | 7 | WGM | Ptacnikova Lenka | ISL | 2284 | 1.5 | 4.75 | 0.0 | 1 |
| 12 | 2 | FM | Sigfusson Sigurdur | ISL | 2319 | 1.0 | 3.00 | 0.0 | 0 |
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