The tournament format was ten-player round robin. It is the Club's hope that the event will be held every year.
Guests from Ukraine, Grandmasters Sergey Fedorchuk and Mikhailo Oleksienko, dominated the field to convincingly take the top two spots leaving the nearest followers full two points behind.
The winner was decided only in the last round when Oleksienko couldn't break the resistance of IM Gudmundur Kjartansson. Meanwhile, Fedorchuk won to take a clear first place with 8,0/9 points. Final standings:
1. GM Fedorchuk Sergey A. UKR 2667 – 8 2. GM Oleksienko Mikhailo UKR 2608 – 7.5 3-4. IM Kjartansson Gudmundur ISL 2434 and GM Danielsen Henrik ISL 2501 – 5.5 5. IM Ziska Helgi Dam FAI 2485 – 5 6. IM Bekker-Jensen Simon DEN 2420 – 4.5 7. FM Bjornsson Sigurbjorn ISL 2395 – 4 8. IM Thorfinnsson Bragi ISL 2483 – 3 9. Olafsson Thorvardur ISL 2266 – 2 10. IM Gunnarsson Arnar ISL 2441 – 0
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