The song begins with the piano. I prefer to start playing the guitar chords at around 00:32.

Intro:

Ebm ? E * ? B ? Abm ? F# ? E

Verse:

Ebm      E *
Brosandi
                  B
hendumst ? hringi
     Abm
h?ldumst ? hendur
      F#
allur heimurinn ?sk?r
     E
nema ?? stendur


Ebm      E *
rennblautur
      B
allur rennvotur
          Abm
engin g?mm?st?gv?l
        F#
hlaupandi inn ? okkur
              E
vill springa ?t ?r skel


N.C.    E * 
vindurinn
   B              Abm
og ?tilykt af h?rinu ??nu
              F#
?g lamdi eins fast og ?g get
         E
me? nefinu m?nu

Chorus:

B         F#
     hopp?polla
        E       Ebm
? engum st?gv?lum
        B                 F#
allur rennvotur (rennblautur)
        E       F#
? engum st?gv?lum

Verse:

         Ebm      E *
og ?g f? bl??nasir
            Ebm        E *
en ?g stend alltaf upp


[Instrumental]  B ? Abm ? F# ? E  (x2)


          Ebm      E *
og ?g f? bl??nasir
            Ebm        E *
en ?g stend alltaf upp

Outro:

[Instrumental] B ? Abm ? F# ? E (x4) Finnish on B

______________________________________________________

Chords Used:
         Eb      E *      B     Abm     F#     E 
E  | ------11------12------7------4------2------0------ | 
A  | ------13------14------(b9)-----6------4------1------ | 
D  | ------13------14------(b9)-----6------4------2------ | 
G  | ------11------13------8------4------3------2------ | 
B  | ------x-------x-------7------4------2------0------ | 
e  | ------x-------x-------7------4------2------0------ |