The 1st Edda Awards ceremony was held on 15. November 1999 by the Icelandic Film and Television Academy (ÍKSA).[1] [2] The awards were held at the Reykjavík City Theatre in Reykjavík, and were hosted by Þorfinnur Ómarsson, director of the Icelandic Film Fund. Awards were given in eight categories, plus one Honorary Award given for special contribution to the Icelandic film industry. Ungfrúin góða og húsið (The Honour of the House), based on the novel by Halldór Laxness, received five nominations, The film ended up winning two awards, for Best Film and Best Director.
The public could cast their vote online on the Icelandic news website, Morgunblaðið. Public votes had 30% say in the results, and the academy the other 70%. The awards were broadcast live on Stöð 2.
The nominees and winners were:[3]
| Best Film | Best Director | |
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| Best Actor | Best Actress | |
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| Best Documentary | Best Television Program (Staged) | |
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| Best Television Program | ||
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