| Final | | date | team 1 | score | team 2 | HT | | Tue 02.07.12 | KR Reykjavik | 3-2 | Fram Reykjavik | |  Einarsson, Konradsson, Thorthadson --- Thorarensen, Thorsteinsson |
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| | | Final needed due to equality pontual of first 2 teams. All matches played at Melavollur. |
| Final Ranking | pts | won | drw | lst | gf | ga | g+- | | 1. KR Reykjavik | 3 | 1 | 1 | 0 | 4: | 1 | +3 | | 2. Fram Reykjavik | 3 | 1 | 1 | 0 | 4: | 1 | +3 | | 3. IBV Vestmannaeyjar | 0 | 0 | 0 | 2 | 0: | 6 | +6 |
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| Team | KR R | Fram | IBV | | KR Reykjavik | --- | 1:1 | 3:0 | | Fram Reykjavik | | --- | 3:0 | | IBV Vestmannaeyjar | | | --- |
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| date | team 1 | score | team 2 | HT | | Fri 28.06.12 | KR Reykjavik | 1-1 | Fram Reykjavik | | | Sat 29.06.12 | KR Reykjavik | 3-0 | IBV Vestmannaeyjar | | | Sun 30.06.12 | Fram Reykjavik | 3-0 | IBV Vestmannaeyjar | | | IBV Vestmannaeyjar came to field with 7 players. |
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