Top scorers
| Scorer | Goals | Team |
|---|---|---|
 Sverrir Þór Sverrisson | 16 | Tindastóll |
| Unnar Sigurðsson | 12 | Tindastóll |
| Engilbert Friðfinnsson | 9 | Léttir |
| Guðjón Þorvarðarson | 9 | Selfoss |
| Arnar Halldórsson | 8 | Leiknir R. |
The 1999 season of 2. deild karla was the 34th season of third-tier football in Iceland.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion or relegation |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tindastóll (C, P) | 18 | 14 | 2 | 2 | 61 | 12 | +49 | 44 | Promoted to 2000 1. deild karla |
| 2 | Sindri (P) | 18 | 9 | 7 | 2 | 28 | 7 | +21 | 34 | |
| 3 | Selfoss | 18 | 9 | 4 | 5 | 41 | 32 | +9 | 31 | |
| 4 | Þór A. | 18 | 9 | 3 | 6 | 33 | 27 | +6 | 30 | |
| 5 | Leiknir R. | 18 | 7 | 6 | 5 | 30 | 27 | +3 | 27 | |
| 6 | KS | 18 | 8 | 2 | 8 | 19 | 20 | −1 | 26 | |
| 7 | HK | 18 | 6 | 4 | 8 | 30 | 39 | −9 | 22 | |
| 8 | Léttir | 18 | 4 | 4 | 10 | 27 | 47 | −20 | 16 | |
| 9 | Völsungur (R) | 18 | 3 | 2 | 13 | 18 | 48 | −30 | 11 | Relegated to 2000 3. deild karla |
| 10 | Ægir (R) | 18 | 1 | 6 | 11 | 22 | 50 | −28 | 9 |
| Scorer | Goals | Team |
|---|---|---|
| Sverrir Þór Sverrisson | 16 | Tindastóll |
| Unnar Sigurðsson | 12 | Tindastóll |
| Engilbert Friðfinnsson | 9 | Léttir |
| Guðjón Þorvarðarson | 9 | Selfoss |
| Arnar Halldórsson | 8 | Leiknir R. |
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