[1] The result was a victory for Ólafur Ragnar Grímsson, who received 41.4% of the vote.

[3] Guðrún Pétursdóttir, an academic, ran, but withdrew from the race ten days prior to the election date.

[3] Guðrún Agnarsdóttir, a former member of parliament for the Women's List, was considered on the left as well.

[3] Pétur Hafstein announced his candidacy shortly after Davíð decided not to run.

Pétur was a Supreme Court judge, and was expected to appeal to voters of the conservative Independence Party.