Additions
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 03/1999 |  | Scott Ramsey | MF |  | Forfar Athletic | Forfar Athletic |
| 01/1999 |  | Jóhann Aðalgeirsson | MF | |||
| 01/1999 |  | Stevo Vorkapić | MF | |||
| 01/1999 | | Leifur Guðjónsson | FW |  | GG Grindavík | GG Grindavík |
| 07/1998 | | Grétar Hjartarson | FW |  | Stirling Albion FC | Stirling Albion |
Departures
| from | Name | Pos | Team | Team | ||
|---|---|---|---|---|---|---|
| 01/1999 |  | Zoran Ljubicic | MF |  | Keflavík ÍF | Keflavík |
| 10/1998 | | Scott Ramsey | MF | | Forfar Athletic | Forfar Athletic |