| 04.09.2004 | Reykjavik | Laugardalsvollur | 5 014 |
| Iceland | 1:3(0:1) | Bulgaria |
| [1] Arason Arni, [2] Bjarnason Olafur, [3] Sigurdsson Kristjan, [4] Gunnarsson Brynjar, [5] Sigurdsson Indridi, [6] Gretarsson Arnar, [7] Hreidarsson Hermann, [8] Einarsson Gylfi, [9] Gudjohnsen Eidur, [10] Gudjonsson Thordur, [11] Helguson Heidar | [27] Ivankov Dimitar, [2] Kishishev Radostin, [3] Kirilov Rosen, [4] Petkov Ivaylo, [8] Yankov Caaandar, [9] Berbatov Dimitar, [11] Lazarov Zdravko, [15] Hristov Marian, [19] Petrov Stilian, [20] Bojinov Valeri, [22] Stoyanov Ilian |
| Coach:Sigurvinsson Asgeir | Stoitchkov Hristo |
| Scorers:51' Gudjohnsen Eidur(p) | 35' Berbatov Dimitar, 49' Berbatov Dimitar, 62' Yanev Hristo |
| Substitutions:56' in [16] Gudjonsson Johannes out Gretarsson Arnar, 64' in [14] Vidarsson Arnar out Sigurdsson Indridi, 70' in [17] Sigurdsson Helgi out Helguson Heidar |
42' in [7] Yanev Hristo out Lazarov Zdravko, 72' in [13] Bukarev Asen out Bojinov Valeri, 80' in [14] Kamburoy Martin out Yankov Caaandar |
| Cautions:44' Helguson Heidar, 52' Gunnarsson Brynjar, 66' Gudjonsson Thordur, 84' Gunnarsson Brynjar, 89' Gudjonsson Johannes | 20' Petrov Stilian, 57' Hristov Marian, 59' Petkov Ivaylo |
| Expulsions:84' Gunnarsson Brynjar |   |
| Referee:Hamer Alain (LUX) Fourth Official:Johnsdorf Robert (LUX) |
Assistant referee:Reuter Henri (LUX), Nober Luc (LUX) |